{"id":1274,"date":"2009-02-04T16:32:46","date_gmt":"2009-02-05T00:32:46","guid":{"rendered":"https:\/\/blogschapman.wpenginepowered.com\/law\/2009\/02\/04\/dean-canova-quoted-in-article-on-recession\/"},"modified":"2009-02-04T16:32:46","modified_gmt":"2009-02-05T00:32:46","slug":"dean-canova-quoted-in-article-on-recession","status":"publish","type":"post","link":"https:\/\/blogs.chapman.edu\/law\/2009\/02\/04\/dean-canova-quoted-in-article-on-recession\/","title":{"rendered":"Dean Canova Quoted in Article on Recession"},"content":{"rendered":"<p>Associate Dean Timothy Canova was quoted in an article in <em>U.S. Banker <\/em>entitled, &#8220;U.S. Government Data Needs a Redo.&#8221; The article discusses the nation&#8217;s economic statistics and makes the case that policymakers and business leaders need better numbers in order to ensure good outcomes in the future. Regarding inflation, Dean Canova says, &#8220;There has been an upward bias in our measures of inflation&#8230; The U.S. uses the so-called Laspeyres index, which shows what it would have cost to buy a certain market basket of goods and services in an earlier year. But consumers don&#8217;t continue purchasing the earlier basket but rather will substitute things that decline in price or go up more slowly for those products that are rising faster in price.&#8221; Canova goes on to discuss the politicization of unemployment statistics and capacity utilization numbers. <a href=\"http:\/\/www.americanbanker.com\/usb_article.html?id=20090126NYI3ZJ30\">Read article &#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Associate Dean Timothy Canova was quoted in an article in U.S. Banker entitled, &#8220;U.S. Government Data Needs a Redo.&#8221; The [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":14757,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"custom_author_name":"","chapman_pin_hero_slider":"","footnotes":""},"categories":[3],"tags":[80,99,13,70],"class_list":["post-1274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-faculty","tag-canova","tag-government","tag-newspapers","tag-recession"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - 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