ENGLISH

Price Index Concepts and Measurement (National Bureau of Economic Research Conference Report)

By John Greenlees , Charles R. Hulten , W. Erwin Diewert

Book information

Year
2010
ISBN
9780226148557, 0226148556
LCC
HC106.3 .C714 vol. 70,HG229.5 .C714 vol. 70
Open Library ID
OL23223616M
Language
english
Format
PDF
Filesize
2 MB (2532191 bytes)
Pages
536\531
Topic
Economy
Scanned
yes
Time added
2011-06-04 13:46:07

Description

Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI).  Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.

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