Price Index Concepts and Measurement

ed. by W. Erwin Diewert, Charles R. Hulten, John Greenlees

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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Year of publication:	[2009]
Other Persons:	Basu, Susanto (contributor) ; Bradley, Ralph (contributor) ; Conklin, Jonathan E. (contributor) ; Diewert, Walter E. (contributor) ; Diewert, Walter E. (ed.) ; Greenlees, John Shearer (ed.) ; Hulten, Charles R. (ed.)
Publisher:	Chicago : University of Chicago Press
Subject:	Verbraucherpreisindex \| Consumer price index \| Indexberechnung \| Index construction \| Theorie \| Theory \| USA \| United States \| Preisindex
Description of contents:	Description [degruyter.com]

Extent:	1 Online-Ressource (536 p.) 49 line drawings, 51 tables
Series:	National Bureau of Economic Research Studies in Income and Wealth ; 70
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Konferenzschrift
Language:	English
Notes:	Frontmatter Contents Prefatory Note Introduction: What are the Issues? 1. A Review of Reviews: Ninety Years of Professional Thinking About the Consumer Price Index 2. Apparel Prices 1914– 1993 and the Hulten/ Bruegel Paradox 3. Reassessing the U.S. Quality Adjustment to Computer Prices: The Role of Durability and Changing Software 4. Hedonic Imputation versus Time Dummy Hedonic Indexes 5. CPI Bias from Supercenters: Does the BLS Know That Wal- Mart Exists? 6. Incorporating Financial Services in a Consumer Price Index 7. A General Equilibrium Asset- Pricing Approach to the Measurement of Nominal and Real Bank Output 8. Can A Disease- Based Price Index Improve the Estimation of the Medical Consumer Price Index? 9. Price and Real Output Measures for the Education Function of Government: Exploratory Estimates for Primary and Secondary Education 10. Measuring the Output and Prices of the Lottery Sector: An Application of Implicit Expected Utility Theory 11. Consumption of Own Production and Cost- of- Living Indexes 12. Durables and Owner- Occupied Housing in a Consumer Price Index Contributors Author Index Subject Index In English
ISBN:	978-0-226-14857-1 ; 978-0-226-14855-7
Classification:	Mikroökonomie ; Theorie der Wirtschaftspolitik, Wohlfahrtstheorie
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014487917