indices. Since the matched model index does not incorporate price changes for goods which exit, and the goods that exited tend … to be those goods whose prices fall, the matched model index has a selection problem which biases it upwards. The hedonic … index does not have this problem. We illustrate with a new study of price indices for PC's. The hedonic index shows steep …

No cross-sectional consumer price index is currently available by state, and the BLS's cross-sectional "family budget …" index for metropolitan areas is not well-suited for cross-state analyses. In this paper we propose an algorithm for … constructing a state-specific Laspeyres price index using conveniently available information from the Census of Business and the …

treatment, rather than prices of fixed bundles of inputs. We outline features of a proposed new experimental price index -- a … medical care expenditure price index -- that is more suitable for evaluation and analyses of medical care cost changes, than …

The composite index of leading indicators is found to be a valuable tool for predicting not only the direction but also … index as a predictor of (1) business cycle turning points as dated by the National Bureau of Economic Research and (2 …) quantitative changes in real GNP and the composite index of coincident indicators. Specific smoothing rules are identified which …

The price indexation of Social Security benefit payments has emerged in recent years as a flashpoint of debate in the … United States. I characterize the direct effects that changes in that price index would have on retirees who differ in their … to a slower-growing price index such as the chained CPI-U …

An indexed unit of account is a unit of measurement defined using an index such as a consumer price index so that … increase the frequency of index computation when the price level becomes more volatile …

case, both the marginal value of characteristics and a fixed-weight price index can be estimated from a hedonic regression …. Using the marginal value of characteristics, we show how to construct bounds on the exact hedonic price index. When prices …