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Price Index Concepts and Measurement

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Price Index Concepts and Measurement

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Price Index Concepts and Measurement by Walter E. Diewert
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Description

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.

Author Biography

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.
Release date Australia
February 1st, 2010
Country of Publication
United States
Illustrations
49 line drawings, 51 tables
Imprint
University of Chicago Press
Pages
672
Dimensions
152x229x41
ISBN-13
9780226148557
Product ID
3681506

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