Price Index Concepts and Measurements: Volume 70 (National Bureau of Economic Research Studies in Income and Wealth) - Hardcover

Diewert, W Erwin; Greenlees, John; Hulten, Charles R

Hardcover

ISBN 10: 0226148556 ISBN 13: 9780226148557

Publisher: University of Chicago Press, 2010

Synopsis

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. "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.

About this title

About the Author

W. Erwin Diewert is professor in the Department of Economics at the University of British Columbia and a research associate of the NBER. John Greenless is a research economist and former associate commissioner for prices and living conditions at the Bureau of Labor Statistics. Charles R. Hulten is professor of economics at the University of Maryland and a research associate of the NBER.

Edition details

• Publisher: University of Chicago Press
• Publication date: 2010
• Language: English
• ISBN 10: 0226148556
• ISBN 13: 9780226148557
• Binding: Hardcover
• Number of pages: 672