Greenlees, John S.; williams, Elliot - In: Journal of Economics and Statistics (Jahrbuecher fuer … 230 (2010) 6, pp. 741-758
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 process, thereby reducing the CPI-U’s growth rate and bringing the index closer … imply substantial consumer substitution, implying that the CPI-U’s Lowe index formula yields higher inflation estimates than …