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

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  • Takashi Unayama

    (Institute of Economic Research, Kyoto University)

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.

Suggested Citation

  • Takashi Unayama, 2003. "Upward Bias in the Consumer Price Index Under the Zero Information Economy," KIER Working Papers 575, Kyoto University, Institute of Economic Research.
    • Handle: RePEc:kyo:wpaper:575
    as

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