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The Impact of GDP and CPI: A Debate on Economic Stimulus or Sedative

Join us for the Janus Forum at the University of Vermont on October 5, where experts Jeffrey Miron and Justin Wolfers will debate the implications of the recent $787 billion stimulus package. Delve into crucial topics such as the GDP estimate and the Consumer Price Index, exploring how these measurements shape our understanding of the economy. The debate will be moderated by Emerson Lynn and will be followed by a reception. Don't miss this opportunity to engage with leading economists and hear diverse perspectives on economic policy.

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The Impact of GDP and CPI: A Debate on Economic Stimulus or Sedative

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  1. Sept 30 New GDP Estimate • Consumer Price Index • Measurement • Changes

  2. The UNIVERSITY of VERMONT JANUS FORUM                      Monday October 5, 4-5:30pm       Grand Maple Ballroom, Davis Center, UVM Campus   $787 Billion:StimulusorSedative A Debate Featuring Jeffrey Miron, Ph.D. Senior Lecturer and Director of Undergraduate Studies Harvard University Senior Fellow, Cato Institute and Justin Wolfers, Ph.D. Associate Professor of Business and Public Policy University of Pennsylvania Senior Fellow, Brooking Institution Debate Moderator Emerson Lynn Editor and Publisher of the St. Albans Messenger Reception Immediately Following in the Livak Fireplace Lounge 5:30–6:30p.m.

  3. Exam 1 Friday October 2 in class Multiple choice Covers Ch 1-5, readings on syllabus, class materials, and emailed readings Old exam is online Justin does not have the exam questions or answers NOTE: Syllabus says Fall recess is Oct 7—it is Oct 9 Aplia Assignment Sunday and Guest Lecture Monday—Prof Justin Wolfers Janus Forum Debate Monday 4:00 Davis Center

  4. http://www.bea.gov/newsreleases/national/gdp/2009/pdf/gdp2q09_3rd.pdfhttp://www.bea.gov/newsreleases/national/gdp/2009/pdf/gdp2q09_3rd.pdf http://www.npr.org/blogs/money/2009/09/halloween_holiday_sales_take_a.html

  5. Consumer Price Index • 50,000 households • 87 urban areas • 23,000 retail establishments • 96,000 items

  6. How Do People Spend? The CPI Basket

  7. How Do People Spend? The CPI Basket

  8. How is the CPI Calculated? See handout

  9. US Price Level 1774-1900

  10. US Inflation Rate 1900 - 2008

  11. US Price Level 1900 - 2008

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