Greenlees, John S.; williams, Elliot - In: Journal of Economics and Statistics (Jahrbuecher fuer … 230 (2010) 6, pp. 741-758
In 2002, the US Bureau of Labor Statistics (BLS) introduced a supplemental C-CPI-U employing a superlative formula to provide a closer approximation to a cost-of-living index (COLI). This paper focuses on whether the BLS can improve upon the headline CPI-U’s current biennial weight update...