Causes and Consequences of Bias in the Consumer Price Index as a Measure of the Cost of Living
Author
Abstract
Suggested Citation
DOI: 10.1007/s11293-005-1631-6
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Bajari, Patrick & Benkard, C. Lanier & Krainer, John, 2005.
"House prices and consumer welfare,"
Journal of Urban Economics, Elsevier, vol. 58(3), pages 474-487, November.
- Patrick Bajari & C. Lanier Benkard & John Krainer, 2003. "House Prices and Consumer Welfare," NBER Working Papers 9783, National Bureau of Economic Research, Inc.
- Bajari, Patrick & Benkard, C. Lanier & Krainer, John, 2004. "House Prices and Consumer Welfare," Research Papers 1840, Stanford University, Graduate School of Business.
- David E. Lebow & Jeremy B. Rudd, 2003. "Measurement Error in the Consumer Price Index: Where Do We Stand?," Journal of Economic Literature, American Economic Association, vol. 41(1), pages 159-201, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Oxman, Jeffrey, 2012. "Price inflation and stock returns," Economics Letters, Elsevier, vol. 116(3), pages 385-388.
- Gaddis,Isis, 2016. "Prices for poverty analysis in Africa," Policy Research Working Paper Series 7652, The World Bank.
- Marshall Reinsdorf & Jack E. Triplett, 2009. "A Review of Reviews: Ninety Years of Professional Thinking About the Consumer Price Index," NBER Chapters, in: Price Index Concepts and Measurement, pages 17-83, National Bureau of Economic Research, Inc.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ambrose, Brent W. & Coulson, N. Edward & Yoshida, Jiro, 2017. "Inflation Rates Are Very Different When Housing Rents Are Accurately Measured," HIT-REFINED Working Paper Series 71, Institute of Economic Research, Hitotsubashi University.
- Brent W. Ambrose & N. Edward Coulson & Jiro Yoshida, 2023. "Housing Rents and Inflation Rates," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(4), pages 975-992, June.
- Antonia Diaz & Maria Jose Luengo Prado, 2008.
"On the User Cost and Homeownership,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(3), pages 584-613, July.
- Antonia Díaz & Maria J. Luengo-Prado, 2006. "On The User Cost and Homeownership," Working Papers 2006-14, FEDEA.
- Luengo Prado, María José, 2006. "On the user cost and homeownership," UC3M Working papers. Economics we065421, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- Jessie Handbury & Tsutomu Watanabe & David E. Weinstein, 2013.
"How Much Do Official Price Indexes Tell Us about Inflation?,"
NBER Working Papers
19504, National Bureau of Economic Research, Inc.
- Jessie Handbury & Tsutomu Watanabe & David E. Weinstein, 2013. "How Much Do Official Price Indexes Tell Us About Inflation?," CARF F-Series CARF-F-328, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
- Tsutomu Watanabe & David Weinstein & Jessie Handbury, 2014. "How Much Do Official Price Indexes Tell Us About Inflation?," 2014 Meeting Papers 73, Society for Economic Dynamics.
- Schmitt-Grohé, Stephanie & Uribe, Martín, 2012.
"On quality bias and inflation targets,"
Journal of Monetary Economics, Elsevier, vol. 59(4), pages 393-400.
- Uribe, MartÃn & Schmitt-Grohé, Stephanie, 2009. "On Quality Bias and Inflation Targets," CEPR Discussion Papers 7550, C.E.P.R. Discussion Papers.
- Stephanie Schmitt-Grohe & Martin Uribe, 2009. "On Quality Bias and Inflation Targets," NBER Working Papers 15505, National Bureau of Economic Research, Inc.
- Erica L. Groshen & Brian C. Moyer & Ana M. Aizcorbe & Ralph Bradley & David M. Friedman, 2017. "How Government Statistics Adjust for Potential Biases from Quality Change and New Goods in an Age of Digital Technologies: A View from the Trenches," Journal of Economic Perspectives, American Economic Association, vol. 31(2), pages 187-210, Spring.
- Libor Dusek & Lubomir Lizal (ed.), 2011. "CERGE-EI Tackles Transition," CERGE-EI Books, The Center for Economic Research and Graduate Education - Economics Institute, Prague, edition 1, number b05, May.
- Bokor, László, 2007.
"Optimality criteria of hybrid inflation-price level targeting,"
MPRA Paper
10278, University Library of Munich, Germany, revised Jul 2008.
- László Bokor, 2010. "Optimality criteria of hybrid inflation-price level targeting," MNB Working Papers 2010/8, Magyar Nemzeti Bank (Central Bank of Hungary).
- Davis, Morris A. & Martin, Robert F., 2009.
"Housing, home production, and the equity- and value-premium puzzles,"
Journal of Housing Economics, Elsevier, vol. 18(2), pages 81-91, June.
- Morris A. Davis & Robert F. Martin, 2008. "Housing, home production, and the equity and value premium puzzles," International Finance Discussion Papers 931, Board of Governors of the Federal Reserve System (U.S.).
- Timothy K.M. Beatty & Erling Røed Larsen & Dag Einar Sommervoll, 2005. "Measuring the Price of Housing Consumption for Owners in the CPI," Discussion Papers 427, Statistics Norway, Research Department.
- Hanousek, Jan & Filer, Randall K, 2004.
"Consumers' Opinion of Inflation Bias Due to Quality Improvements,"
Economic Development and Cultural Change, University of Chicago Press, vol. 53(1), pages 235-254, October.
- Jan Hanousek & Randall K. Filer, 2002. "Consumers' Opinion of Inflation Bias Due to Quality Improvements," Economics Working Paper Archive at Hunter College 02/8, Hunter College Department of Economics.
- Jan Hanousek & Randall K. Filer, 2004. "Consumers' Opinion of Inflation Bias Due to Quality Improvements," William Davidson Institute Working Papers Series 2004-681, William Davidson Institute at the University of Michigan.
- Brian Adams & Lara Loewenstein & Hugh Montag & Randal Verbrugge, 2024.
"Disentangling Rent Index Differences: Data, Methods, and Scope,"
American Economic Review: Insights, American Economic Association, vol. 6(2), pages 230-245, June.
- Brian Adams & Lara Loewenstein & Hugh Montag & Randal J. Verbrugge, 2022. "Disentangling rent index differences: data, methods, and scope," Working Papers 22-38R, Federal Reserve Bank of Cleveland, revised 28 Sep 2023.
- Brian Adams & Lara Loewenstein & Hugh Montag & Randal Verbrugge, 2022. "Disentangling Rent Index Differences: Data, Methods, and Scope," Economic Working Papers 555, Bureau of Labor Statistics.
- Todd Sinai & Nicholas S. Souleles, 2005.
"Owner-Occupied Housing as a Hedge Against Rent Risk,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(2), pages 763-789.
- Todd Sinai & Nicholas S. Souleles, 2003. "Owner-Occupied Housing as a Hedge Against Rent Risk," NBER Working Papers 9462, National Bureau of Economic Research, Inc.
- Todd M. Sinai & Nicholas S. Souleles, 2005. "Owner-occupied housing as a hedge against rent risk," Working Papers 05-10, Federal Reserve Bank of Philadelphia.
- Caitlin Blair, 2013. "Constructing a PCE-Weighted Consumer Price Index," NBER Working Papers 19582, National Bureau of Economic Research, Inc.
- Borusyak, Kirill & Jaravel, Xavier, 2024.
"Are trade wars class wars? The importance of trade-induced horizontal inequality,"
Journal of International Economics, Elsevier, vol. 150(C).
- Kirill Borusyak & Xavier Jaravel, 2022. "Are trade wars class wars? The importance of trade-induced horizontal inequality," POID Working Papers 046.pdf, Centre for Economic Performance, LSE.
- Borusyak, Kirill & Jaravel, Xavier, 2024. "Are trade wars class wars? The importance of trade-induced horizontal inequality," LSE Research Online Documents on Economics 122606, London School of Economics and Political Science, LSE Library.
- Kirill Borusyak & Xavier Jaravel, 2023. "Are trade wars class wars? The importance of trade-induced horizontal inequality," CEP Discussion Papers dp1913, Centre for Economic Performance, LSE.
- Borusyak, Kirill & Jaravel, Xavier Laurent, 2023. "Are trade wars class wars? The importance of trade-induced horizontal inequality," LSE Research Online Documents on Economics 121337, London School of Economics and Political Science, LSE Library.
- Kirill Borusyak & Xavier Jaravel, 2022. "Are trade wars class wars? The importance of trade-induced horizontal inequality," IFS Working Papers W22/34, Institute for Fiscal Studies.
- Filho, Irineu de Carvalho & Chamon, Marcos, 2012.
"The myth of post-reform income stagnation: Evidence from Brazil and Mexico,"
Journal of Development Economics, Elsevier, vol. 97(2), pages 368-386.
- Mr. Irineu E de Carvalho Filho & Mr. Marcos d Chamon, 2008. "The Myth of Post-Reform Income Stagnation: Evidence from Brazil and Mexico," IMF Working Papers 2008/197, International Monetary Fund.
- de Carvalho Filho, Irineu & Chamon, Marcos, 2011. "The myth of post-reform income stagnation: Evidence from Brazil and Mexico," MPRA Paper 28532, University Library of Munich, Germany.
- Lieu, Pang-Tien & Liang, Jung-Hui & Chen, Jui-Hui, 2008. "Consumer preferences and cost of living in Taiwan," Journal of Asian Economics, Elsevier, vol. 19(3), pages 224-235, June.
- Kirill Borusyak & Xavier Jaravel, 2018.
"The Distributional Effects of Trade: Theory and Evidence from the United States,"
2018 Meeting Papers
284, Society for Economic Dynamics.
- Kirill Borusyak & Xavier Jaravel, 2023. "The distributional effects of trade: Theory and evidence from the United States," CEP Discussion Papers dp1953, Centre for Economic Performance, LSE.
- Kirill Borusyak & Xavier Jaravel, 2023. "The distributional effects of trade: Theory and evidence from the United States," POID Working Papers 075, Centre for Economic Performance, LSE.
- Borusyak, Kirill & Jaravel, Xavier Laurent, 2023. "The distributional effects of trade: theory and evidence from the United States," LSE Research Online Documents on Economics 121305, London School of Economics and Political Science, LSE Library.
- Kirill Borusyak & Xavier Jaravel, 2021. "The Distributional Effects of Trade: Theory and Evidence from the United States," NBER Working Papers 28957, National Bureau of Economic Research, Inc.
- Christian Broda & Ephraim Leibtag & David E. Weinstein, 2009. "The Role of Prices in Measuring the Poor's Living Standards," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 77-97, Spring.
- Mehmet Balcilar & Rangan Gupta & Stephen M. Miller, 2014.
"Housing and the Great Depression,"
Applied Economics, Taylor & Francis Journals, vol. 46(24), pages 2966-2981, August.
- Mehmet Balcilar & Rangan Gupta & Stephen M. Miller, 2012. "Housing and the Great Depression," Working papers 2012-47, University of Connecticut, Department of Economics.
- Mehmet Balcilar & Rangan Gupta & Stephen M. Miller, 2013. "Housing and the Great Depression," Working Papers 201308, University of Pretoria, Department of Economics.
- Mehmet Balcilar & Rangan Gupta & Stephen M. Miller, 2013. "Housing and the Great Depression," Working Papers 1301, University of Nevada, Las Vegas , Department of Economics.
More about this item
Keywords
C81; C82; E30;All these keywords.
JEL classification:
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
- E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:atlecj:v:33:y:2005:i:1:p:1-13. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.