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Measurement errors and quality-adjustment methodology: lessons from the Japanese CPI

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Author Info
Shigenori Shiratsuka

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Abstract

This 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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File URL: http://www.chicagofed.org/publications/economicperspectives/1999/ep2Q99_1.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.

Volume (Year): (1999)
Issue (Month): Q II ()
Pages: 2-13
Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Handle: RePEc:fip:fedhep:y:1999:i:qii:p:2-13:n:v.23no.2

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Related research
Keywords: Consumer price indexes

Cited by:
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  1. Felix Hammermann & Mark Flanagan, 2007. "What Explains Persistent Inflation Differentials Across Transition Economies?," Kiel Working Papers 1373, Kiel Institute for the World Economy. [Downloadable!]
  2. Randall K. Filer & Jan Hanousek, 2003. "Inflationary Bias in Mid to Late Transition Czech Republic," Development and Comp Systems 0306001, EconWPA. [Downloadable!]
  3. Takatoshi Ito & Frederic S. Mishkin, 2004. "Two Decades of Japanese Monetary Policy and the Deflation Problem," NBER Working Papers 10878, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Felix Hammermann, 2007. "Nonmonetary Determinants of Inflation in Romania: A Decomposition," Kiel Working Papers 1322, Kiel Institute for the World Economy. [Downloadable!]
  5. Takatoshi Ito, 2004. "Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting?," NBER Working Papers 10818, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  6. Mark J Flanagan & Felix Hammermann, 2007. "What Explains Persistent Inflation Differentials Across Transition Economies?," IMF Working Papers 07/189, International Monetary Fund. [Downloadable!]
Statistics
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