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Estimating Upward Bias of Japanese Consumer Price Index Using Engel's Law

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  • HIGA, Kazuhito
  • 比嘉, 一仁

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  • HIGA, Kazuhito & 比嘉, 一仁, 2014. "Estimating Upward Bias of Japanese Consumer Price Index Using Engel's Law," Discussion Papers 2014-21, Graduate School of Economics, Hitotsubashi University.
  • Handle: RePEc:hit:econdp:2014-21
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/27018/070econDP14-21.pdf
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    References listed on IDEAS

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    1. Garry F. Barrett & Matthew Brzozowski, 2010. "Using Engel Curves to Estimate the Bias in the Australian CPI," The Economic Record, The Economic Society of Australia, vol. 86(272), pages 1-14, March.
    2. Mark Aguiar & Erik Hurst, 2007. "Life-Cycle Prices and Production," American Economic Review, American Economic Association, vol. 97(5), pages 1533-1559, December.
    3. James Banks & Richard Blundell & Arthur Lewbel, 1997. "Quadratic Engel Curves And Consumer Demand," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 527-539, November.
    4. Shiratsuka, Shigenori, 1999. "Measurement Errors in the Japanese Consumer Price Index," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 17(3), pages 69-102, December.
    5. Abe, Naohito & Shiotani, Kyosuke, 2012. "Who faces higher prices? -An empirical analysis based on Japanese homescan data-," Research Center for Price Dynamics Working Paper Series 3, Research Center for Price Dynamics, Institute of Economic Research, Hitotsubashi University.
    6. Magnus Blomström & Jennifer Corbett & Fumio Hayashi & Anil Kashyap, 2003. "Structural Impediments to Growth in Japan," NBER Books, National Bureau of Economic Research, Inc, number blom03-1.
    7. Takashi Unayama, 2008. "Measuring the substitution bias in Japan: the demand system approach and a superlative index," Applied Economics, Taylor & Francis Journals, vol. 40(14), pages 1795-1806.
    8. Chul Chung & John Gibson & Bonggeun Kim, 2010. "CPI Mismeasurements and Their Impacts on Economic Management in Korea," Asian Economic Papers, MIT Press, vol. 9(1), pages 1-15, Winter/Sp.
    9. Dora L. Costa, 2001. "Estimating Real Income in the United States from 1888 to 1994: Correcting CPI Bias Using Engel Curves," Journal of Political Economy, University of Chicago Press, vol. 109(6), pages 1288-1310, December.
    10. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
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    More about this item

    Keywords

    consumer price index bias; Engel’s Law;

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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