Greenlees, John S.; Williams, Elliot - In: Jahrbücher für Nationalökonomie und Statistik 230 (2010) 6, pp. 741-758
underlying the CPI imply substantial consumer substitution, implying that the CPI-U’s Lowe index formula yields higher inflation … formula to provide a closer approximation to a cost-of-living index (COLI). This paper focuses on whether the BLS can improve … index closer to the C-CPI-U. We begin by estimating superlative price indexes for 1999 through 2007 along with indexes based …