This report was prepared for the Department of Labour, Reserve Bank of New Zealand and Treasury by Dr Denis Lawrence (Tasman Asia Pacific) and Professor Erwin Diewert (University of British Columbia) under contract. The authors examine New Zealand's market sector productivity performance using...

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...