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Price Index Concepts and Measurement

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ISBN-10: 0226148556

ISBN-13: 9780226148557

Edition: 2009

Authors: W. Erwin Diewert, John Greenlees, Charles R. Hulten

List price: $156.00
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Description:

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 Measurementsbrings 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.
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Book details

List price: $156.00
Copyright year: 2009
Publisher: University of Chicago Press
Publication date: 2/1/2010
Binding: Hardcover
Pages: 536
Size: 6.25" wide x 9.00" long x 1.25" tall
Weight: 1.848
Language: English

Charles R. Hulten is professor in the Department of Economics at the University of Maryland. He is a research associate of the NBER and chairman of the NBER's Conference on Research in Income and Wealth.

Prefatory Note
Introduction: What are the Issues?
A Review of Reviews: Ninety Years of Professional Thinking About the Consumer Price Index
Apparel Prices 1914-1993 and the Hulten/Bruegel Paradox
Reassessing the U.S. Quality Adjustment to Computer Prices: The Role of Durability and Changing Software
Hedonic Imputation versus Time Dummy Hedonic Indexes
CPI Bias from Supercenters: Does the BLS Know That Wal-Mart Exists?
Incorporating Financial Services in a Consumer Price Index
A General Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output
Can A Disease-Based Price Index Improve the Estimation of the Medical Consumer Price Index?
Price and Real Output Measures for the Education Function of Government: Exploratory Estimates for Primary and Secondary Education
Measuring the Output and Prices of the Lottery Sector: An Application of Implicit Expected Utility Theory
Consumption of Own Production and Cost-of-Living Indexes
Durables and Owner-Occupied Housing in a Consumer Price Index
Contributors
Author Index
Subject Index