3 ms·
> ShadowStats Just no: > Responding to prior criticisms made by economist James Hamilton, John Williams explained in a private phone call that Shadowstats doe
by throw0101a 1y ago
> ShadowStats
Just no:
> Responding to prior criticisms made by economist James Hamilton, John Williams explained in a private phone call that Shadowstats does not actually recalculate BLS data, rather, the Shadowstats CPI merely adds a constant to the officially reported numbers.[28]
* https://en.wikipedia.org/wiki/Shadowstats.com#Negative https://en.wikipedia.org/wiki/Shadowstats.com#Negative
SHADOWSTATS(t) = 1.9 + 0.0055*t + CPIAUCNS(t)
* https://old.reddit.com/r/badeconomics/comments/3zik5t/shadowstatscom/ https://old.reddit.com/r/badeconomics/comments/3zik5t/shadow...
* https://www.fullstackeconomics.com/p/no-the-real-inflation-rate-isnt-14-percent https://www.fullstackeconomics.com/p/no-the-real-inflation-r...
> Truflation
* https://old.reddit.com/r/AskEconomics/comments/1beg6db/how_reliable_is_truflation_and_are_there_any_real/ https://old.reddit.com/r/AskEconomics/comments/1beg6db/how_r...
> Billion Prices
They actually published code so other folks could recreate:
* https://en.wikipedia.org/wiki/MIT_Billion_Prices_project https://en.wikipedia.org/wiki/MIT_Billion_Prices_project