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Consumer Price Index 1 Harmonized Index of Consumer Prices 1 Inflation target 1 acquisitions approach 1 asset prices 1 chained indexes 1 cost of living indexes 1 elementary indexes 1 fixed base indexes 1 fixed basket indexes 1 index number tests 1 intertemporal cost of living indexes 1 owner occupied housing 1 quality change 1 rental equivalence 1 representativity bias 1 seasonal commodities 1 stochastic indexes 1 substitution bias 1 superlative indexes 1 the System of National Accounts 1 the temporary equilibrium 1 tourist expenditures 1 unit values 1 user cost 1
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Diewert, W. Erwin 1
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Swiss Journal of Economics and Statistics (SJES) 1
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Harmonized Indexes of Consumer Prices: Their Conceptual Foundations
Diewert, W. Erwin - In: Swiss Journal of Economics and Statistics (SJES) 138 (2002) IV, pp. 547-637
The Harmonized Index of Consumer Prices (HICP) is the single most important indicator of inflation used by the European Central Bank. Sections 2 to 4 of the paper look at the theory of inflation indexes that could be used as target indexes of inflation. A Consumer Price Index (CPI) emerges as...
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