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 Measurements brings 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.
| ISBN: | 9780226148557 |
| Publication date: | 12th February 2010 |
| Author: | W E Diewert, John Shearer Greenlees, Charles R Hulten, National Bureau of Economic Research |
| Publisher: | The University of Chicago Press an imprint of University of Chicago Press |
| Format: | Hardback |
| Pagination: | 519 pages |
| Series: | Studies in Income and Wealth |
| Genres: |
Economics |