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Price Index Concepts and Measurement

Editor

Listed:
  • Diewert, W. Erwin
  • Greenlees, John
  • Hulten, Charles R.

Abstract

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.

Suggested Citation

  • Diewert, W. Erwin & Greenlees, John & Hulten, Charles R. (ed.), 2010. "Price Index Concepts and Measurement," National Bureau of Economic Research Books, University of Chicago Press, number 9780226148557, December.
    • Handle: RePEc:ucp:bknber:9780226148557
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    Cited by:

    1. Pablo Gluzmann & Federico Sturzenegger, 2018. "An estimation of CPI biases in Argentina 1985–2005 and its implications on real income growth and income distribution," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 27(1), pages 1-50, December.
    2. Masters, William A. & Bai, Yan & Herforth, Anna & Sarpong, Daniel & Mishili, Fulgence & Kinabo, Joyce & Coates, Jennifer C., 2017. "Measuring Access to Nutritious Diets in Africa: Novel Price Indexes for Diet Diversity and the Cost of Nutrient Adequacy," 2018 Allied Social Sciences Association (ASSA) Annual Meeting, January 5-7, 2018, Philadelphia, Pennsylvania 264946, Agricultural and Applied Economics Association.
    3. Mick Silver, 2012. "Why House Price Indexes Differ: Measurement and Analysis," IMF Working Papers 2012/125, International Monetary Fund.

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