Inflation, Consumption, and Income Growth
Gabriel Zucman discusses the limitations of using the GDP deflator to measure inflation and the impact it has on real income growth. He also explores the relationship between consumption and income, highlighting the effects of changing saving rates. Russ Roberts adds insights on the complexities of measuring consumption and the role of borrowing in fueling consumption before the 2007-2008 financial crisis.In this clip
From this podcast
EconTalk
Gabriel Zucman on Inequality, Growth, and Distributional National Accounts
Related Questions
How do economists measure inflation?
How do economists measure inflation in the context of the episode Bruce Meyer on the Middle Class, Poverty, and Inequality and the clip Understanding Inflation Biases?
How do economists measure inflation in the context of the episode Bruce Meyer on the Middle Class, Poverty, and Inequality and the clip Measuring Quality?