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Estimating Upward Bias of Japanese Consumer Price Index Using Engel's Law

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  • HIGA, Kazuhito
  • 比嘉, 一仁

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  • HIGA, Kazuhito & 比嘉, 一仁, 2014. "Estimating Upward Bias of Japanese Consumer Price Index Using Engel's Law," Discussion Papers 2014-21, Graduate School of Economics, Hitotsubashi University.
  • Handle: RePEc:hit:econdp:2014-21
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/27018/070econDP14-21.pdf
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    References listed on IDEAS

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    1. Garry F. Barrett & Matthew Brzozowski, 2010. "Using Engel Curves to Estimate the Bias in the Australian CPI," The Economic Record, The Economic Society of Australia, vol. 86(272), pages 1-14, March.
    2. Abe, Naohito & Shiotani, Kyosuke, 2012. "Who faces higher prices? -An empirical analysis based on Japanese homescan data-," Research Center for Price Dynamics Working Paper Series 3, Research Center for Price Dynamics, Institute of Economic Research, Hitotsubashi University.
    3. Shiratsuka, Shigenori, 1999. "Measurement Errors in the Japanese Consumer Price Index," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 17(3), pages 69-102, December.
    4. Chul Chung & John Gibson & Bonggeun Kim, 2010. "CPI Mismeasurements and Their Impacts on Economic Management in Korea," Asian Economic Papers, MIT Press, vol. 9(1), pages 1-15, Winter/Sp.
    5. Takashi Unayama, 2008. "Measuring the substitution bias in Japan: the demand system approach and a superlative index," Applied Economics, Taylor & Francis Journals, vol. 40(14), pages 1795-1806.
    6. Mark Aguiar & Erik Hurst, 2007. "Life-Cycle Prices and Production," American Economic Review, American Economic Association, vol. 97(5), pages 1533-1559, December.
    7. Dora L. Costa, 2001. "Estimating Real Income in the United States from 1888 to 1994: Correcting CPI Bias Using Engel Curves," Journal of Political Economy, University of Chicago Press, vol. 109(6), pages 1288-1310, December.
    8. James Banks & Richard Blundell & Arthur Lewbel, 1997. "Quadratic Engel Curves And Consumer Demand," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 527-539, November.
    9. Magnus Blomström & Jennifer Corbett & Fumio Hayashi & Anil Kashyap, 2003. "Structural Impediments to Growth in Japan," NBER Books, National Bureau of Economic Research, Inc, number blom03-1.
    10. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
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    More about this item

    Keywords

    consumer price index bias; Engel’s Law;

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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