[Mismeasurement in the Consumer Price Index: An Evaluation]: Comment
نویسندگان
چکیده
منابع مشابه
An Introduction to Consumer Price Index Methodology
1.1 A price index is a measure of the proportionate, or percentage, changes in a set of prices over time. A consumer price index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers’ incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index c...
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The purpose of this study is to find an accurate estimate of the exchange rate-CPI relationship in Iran over the past three decades. The results of the Granger causality test in the frequency domain demonstrate a strong causation from the exchange rate to CPI especially in the long run. The results of the wavelet analysis show that in the currency crisis periods, the exchange rate-CPI correlati...
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The paper considers the use of a Consumer Price Index (CPI) for three possible purposes: (1) as a Cost of Living Index (COLI); i.e., as a measure of the relative cost of achieving the standard of living when facing two different sets of prices for the same group of commodities; (2) as a consumption deflator; i.e., the price change component for a decomposition of a value ratio into price and qu...
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While some researchers report significant benefits resulting from investments in technology, others report no measurable impact whatsoever. Economists suggest this inconclusiveness may be a result of inadequacy of the metrics. In particular, conflicting findings are often related to the inherent difficulty in defining and measuring value. These debates are riddled with theoretical and philosoph...
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ژورنال
عنوان ژورنال: NBER Macroeconomics Annual
سال: 1996
ISSN: 0889-3365
DOI: 10.2307/3585192