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Price index concepts and measurement

Name: Price index concepts and measurement
Author: W. E. Diewert

W. E. Diewert

12 February 2010

Hardback

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Book Synopsis

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.

About The Author

W. Erwin Diewert is professor in the Department of Economics at the University of British Columbia and a research associate of the National Bureau of Economic Research.John Greenlees 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 National Bureau of Economic Research.

Product Details

ISBN: 9780226148557
Format: Hardback
Publisher: The University of Chicago Press, (12 February 2010)
Number of Pages: 519
Weight: 853 grams
Language: English
Dimensions: 229 x 152 x 33 mm
Series:: See all books in this series
Categories:: Economics