Monthly Archives: July 2013

More blogs on GDP deflator issue highlighted in the book

Two bloggers today have picked up on the problems with the GDP deflator highlighted in the book in Chapter 9.

Shaun Richards at Mindful Money:

Merryn Somerset Webb  at MoneyWeek.
Merryn also includes a graph clearly illustrating the problem with the defaltor in the last years which I raised, ie

GDP vs NGDP deflated by RPI. Source: MoneyWeek

I have added more information about the reasons for the discrepancy to both blogs in explanation. You can read my comments here.