Upward Bias in the Consumer Price Index Under the Zero Information Economy
I estimate the demand system using Japanese husehold survey data, and calculate the cost of living index (COLI). In the recent zero- inflation situation, the CPI understates the COLI, while there are upward biases in the CPI during 1980's in Japan.
Year of publication: |
2003-09
|
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Authors: | Unayama, Takashi |
Institutions: | Institute of Economic Research, Kyoto University |
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