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by ljcn
2385 days ago
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> using an inflation calculator defers to someone's idea of what a basket was In this case that someone is Greg Clark (Professor of Economics at UC Davis). The link goes direct to a .xlsx which reveals the "basket" and all the figures - it's a mixture of several (presumably average) wages and a "cost of living". This is probably the research paper (2009) http://faculty.econ.ucdavis.edu/faculty/gclark/papers/Macroa... |
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