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Price index concepts and measurement

Author: W E Diewert; John Shearer Greenlees; Charles R Hulten; National Bureau of Economic Research.; Conference on Research in Income and Wealth.
Publisher: Chicago : University of Chicago Press, ©2009.
Series: Studies in income and wealth, v. 70.
Edition/Format:   eBook : Document : Conference publication : EnglishView all editions and formats
Database:WorldCat
Summary:
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  Read more...
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Genre/Form: Electronic books
Conference proceedings
Congresses
Additional Physical Format: Print version:
Price index concepts and measurement.
Chicago ; London : University of Chicago Press, ©2009
(DLC) 2009017691
(OCoLC)317923092
Material Type: Conference publication, Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: W E Diewert; John Shearer Greenlees; Charles R Hulten; National Bureau of Economic Research.; Conference on Research in Income and Wealth.
ISBN: 9780226148571 0226148572
OCLC Number: 609629844
Notes: "NBR, National Bureau of Economic Research"--Cover.
Description: 1 online resource (ix, 519 pages) : illustrations.
Contents: Introduction: what are the issues? / W. Erwin Diewert, John Greenlees, and Charles Hulten --
A review of reviews: ninety years of professional thinking about the consumer price index / Marshall Reinsdorf and Jack E. Triplett --
Apparel prices 1914-93 and the Hulten/Bruegel paradox / Robert J. Gordon --
Re-assessing the U.S. quality adjustment to computer prices: the role of durability and changing software / Robert C. Feenstra and Christopher R. Knittel --
Hedonic imputation versus time dummy hedonic indexes / W. Erwin Diewert, Saeed Heravi, and Mick Silver --
Comment: Jan de Haan --
Reply by W. Erwin Diewert, Saeed Heravi and Mick Silver --
CPI bias from supercenters: does the BLS know that Wal-Mart exists? / Jerry Hausman and Ephraim Leibtag --
Comment: Marshall Reinsdorf --
Comment: Mick Silver --
Incorporating financial services in a consumer price index / Dennis Fixler --
Comment: Susanto Basu --
A general-equilibrium asset-pricing approach to the measurement of nominal and real bank output / J. Christina Wang, Susanto Basu, and John G. Fernald --
Comment: Paul Schreyer --
Can a disease-based price index improve the estimation of the medical CPI? / Xue Song, William D. Marder, Robert Houchens, Jonathan E. Conklin, and Ralph Bradley --
Comment: Ernst R. Berndt --
Price and real output measures for the education function of government exploratory estimates for primary and secondary education / Barbara M. Fraumeni, Marshall Reinsdorf, Brooks B. Robinson, and Matthew P. Williams --
Measuring the output and prices of the lottery sector: an application of implicit expected utility theory / Kam Yu --
Comment: Alan G. White --
Consumption of own production and cost of living indices / Peter Hill --
Durables and owner occupied housing in a consumer price index / W. Erwin Diewert --
Comment: Alan Heston.
Series Title: Studies in income and wealth, v. 70.
Responsibility: edited by W. Erwin Diewert, John Greenlees, and Charles Hulten.

Abstract:

Addresses the many questions involved in conceptualizing and measuring inflation. This book evaluates the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as  Read more...

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