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Upward Bias in the Consumer Price Index Under the Zero Information Economy

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Author Info
Takashi Unayama (Institute of Economic Research, Kyoto University)

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Abstract

I estimate the demand system using Japanese husehold survey data, and calculate the cost of living index (COLI). In the recent zero- inflation situation, the CPI understates the COLI, while there are upward biases in the CPI during 1980's in Japan.

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Publisher Info
Paper provided by Kyoto University, Institute of Economic Research in its series KIER Working Papers with number 575.

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Length: 9 pages
Date of creation: Sep 2003
Date of revision:
Handle: RePEc:kyo:wpaper:575

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