Measurement errors and quality-adjustment methodology: lessons from the Japanese CPI

This article examines the problems inherent in quality changes/new goods bias in the Consumer Price Index, using the Japanese case as an example. The author proposes a practical way to improve the accuracy of quality adjustments by introducing the hedonic approach to the conventional procedure.

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Year of publication:	1999
Authors:	Shiratsuka, Shigenori
Published in:	Economic Perspectives. - Federal Reserve Bank of Chicago. - 1999, Q II, v. 23, no. 2, p. 2-13
Publisher:	Federal Reserve Bank of Chicago
Subject:	Consumer price indexes

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005713053