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Price Index Concepts and Measurement: Volume 70 by W. Erwin Diewert, John Greenlees, Charles R. Hulten

Price Index Concepts and Measurement: Volume 70

by W. Erwin Diewert , John Greenlees , Charles R. Hulten
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Book cover type: Hardcover
  • ISBN13: 9780226148557
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: University of Chicago Press
  • Publisher Imprint: University of Chicago Press
  • Publication Date:
  • Pages: 536
  • Original Price: GBP 135.0
  • Language: English
  • Edition: N/A
  • Item Weight: 840 grams
  • BISAC Subject(s): Economics / Microeconomics

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.

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