The paper explores the extent to which products follow systematic pricing patterns over their life cycle and the impact this has on the measurement of inflation. Using a large US scanner data set on supermarket products and applying flexible regression methods, we find that on average prices...

Using data from the 2011 Census, we estimate quality of life across Australia. With mobile households, utility will be equalised across regions, so those regions with high real incomes must have a compensating low quality of life and vice versa. There are significant differences in quality of...