Price Index Concepts and Measurement

✍ Scribed by W. Erwin Diewert (editor); John Greenlees (editor); Charles R. Hulten (editor)

Publisher: University of Chicago Press
Year: 2010
Tongue: English
Leaves: 530
Series: National Bureau of Economic Research Studies in Income and Wealth; 70
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

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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