Price Index Concepts and Measurement
Download or Read eBook Price Index Concepts and Measurement PDF written by W. Erwin Diewert and published by University of Chicago Press. This book was released on 2010-02-15 with total page 531 pages. Available in PDF, EPUB and Kindle.
| Author | : W. Erwin Diewert |
| Publisher | : University of Chicago Press |
| Total Pages | : 531 |
| Release | : 2010-02-15 |
| ISBN-10 | : 9780226148571 |
| ISBN-13 | : 0226148572 |
| Rating | : 4/5 (71 Downloads) |
Book Synopsis Price Index Concepts and Measurement by : W. Erwin Diewert
Book excerpt: 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.
