level disaggregation of the CPI over 1990-2021, and compares the properties of this measure to those of standard core. For … CPI inflation …

The Bureau of Labor Statistics' Prescription Drug Consumer Price Index (CPI-Rx) has been the focus of considerable … controversy in recent years. The CPI-Rx limits its sampling frame to transactions in retail outpatient outlets, and excludes … prescription pharmaceuticals dispensed in hospitals, physician/clinic outpatient facilities, and nursing homes. Thus the CPI …

There have been important methodological changes in the Consumer Price Index (CPI) over time. These distort comparisons … contextualize the current run-up in inflation, this paper constructs new historical series for CPI headline and core inflation that …, the rate of core CPI disinflation caused by Volcker-era policies is significantly lower when measured using today …

response to changes in relative prices. This substitution effect will cause the CPI to grow faster than the cost of living …. This paper presents new estimates showing that this bias in the CPI averaged 0.3 percentage points per year between …-area strata of the CPI. The paper discusses the practical difficulties in implementing such a calculation and suggests a method …

This paper examines the quantitative importance of temporal aggregation bias in distorting parameter estimates and … hypothesis tests. Our strategy is to consider two empirical examples in which temporal aggregation bias has the potential to … example investigates the possibility that temporal aggregation bias can lead to spurious Granger causality relationships. The …

usefully aggregated into a single sector model. Such an aggregation misleads the economist as to the economy's underlying …

This paper discusses the issue of consistent simple sum aggregation over assets within the context of expected utility … maximizing investors. The first part of the paper extends the Hicks and Leontief aggregation theorems of consumer choice theory … to the portfolio choice problem. Next, necessary and sufficient conditions for consistent simple sum aggregation are …