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Medir la inflación: el ajuste del IPC

Author

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  • Alejandro Ipiña

    (Instituto Vasco de Estadística)

Abstract

This article reviews the great discussion which has taken place during 1997 on the possible mistakes that are committed when measuring the Consumer Price Index, which provoke its overassessment. What sparked off the discussion was the already famous report of the Boskin Commission. Its implications are analysed in various macro and micro-economic aspects. The discussion has been much deeper in the US than in Europe, but its conclusions are valid everywhere. Maybe in other years discussion might have been imported to Europe, but process to constitute a Harmonized Consumer Price Index was in full swing and attention was focused on observing if the Maastricht convergence criteria were being fulfilled. On the other hand, when comparing the methodologies used in the elaboration of the US, UE and Spanish CPIs, the one used in the US turns our to be the most inflationary.

Suggested Citation

  • Alejandro Ipiña, 1997. "Medir la inflación: el ajuste del IPC," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 39(03), pages 62-81.
    • Handle: RePEc:ekz:ekonoz:1997303
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    More about this item

    Keywords

    Medición del IPC; armonización del IPC; convergencia económica; inflación;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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