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Verzerrungen von Konsumentenpreisindizes und ihr Einfluss auf das "reale" Wirtschaftswachstum - dargestellt am Beispiel der USA

Author

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  • Jochen Hartwig
  • Bernd Schips

Abstract

The paper reviews the sources of "Upward bias" and "Downward bias" in the USConsumer Price Index (CPI) and discusses the changes the Bureau of Labor Statistics has introduced in order to eliminate them. The remaining biases are quantified. Also, the question is raised how much the changes to the CPI have lifted the growth rates of "real" US-GDP upward. It is shown that the divergence in growth rates between the US and the European Union since 1997 can be explained almost entirely in terms of differing statistical methods.

Suggested Citation

  • Jochen Hartwig & Bernd Schips, 2004. "Verzerrungen von Konsumentenpreisindizes und ihr Einfluss auf das "reale" Wirtschaftswachstum - dargestellt am Beispiel der USA," KOF Working papers 04-94, KOF Swiss Economic Institute, ETH Zurich.
  • Handle: RePEc:kof:wpskof:04-94
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    File URL: http://dx.doi.org/10.3929/ethz-a-004871471
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    Cited by:

    1. Jochen Hartwig, 2005. "Sind unsere gesamtwirtschaftlichen Probleme ueberhaupt loesbar?," KOF Working papers 05-112, KOF Swiss Economic Institute, ETH Zurich.
    2. Jochen Hartwig, 2005. "Messprobleme bei der Ermittlung des Wachstums der Arbeitsproduktivität - dargestellt anhand eines Vergleichs der Schweiz mit den USA," KOF Working papers 05-100, KOF Swiss Economic Institute, ETH Zurich.
    3. Jochen Hartwig, 2005. "On Misusing National Accounts Data for Governance Purposes," KOF Working papers 05-101, KOF Swiss Economic Institute, ETH Zurich.

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