Measurement errors and quality-adjustment methodology: lessons from the Japanese CPI
AbstractThis article examines the problems inherent in quality changes/new goods bias in the Consumer Price Index, using the Japanese case as an example. The author proposes a practical way to improve the accuracy of quality adjustments by introducing the hedonic approach to the conventional procedure.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.
Volume (Year): (1999)
Issue (Month): Q II ()
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