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basket of goods. It is well-known that this approach suffers from problems and creates several biases in the measurement of …
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basket of goods. It is well-known that this approach suffers from problems and creates several biases in the measurement of …
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This book is a non-technical introduction to the history of - and current measurement practice of - inflation for the …Chapter 1. Introduction -- Chapter 2. What is Inflation? -- Chapter 3. The Origins of Inflation Measurement: 1700 …
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basket of goods. It is well-known that this approach suffers from problems and creates several biases in the measurement of …
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We show how to recover the money-metric utility function, which converts income at one point in time into equivalent income at another point in time, using repeated cross-sectional household data. Our procedure allows unrestricted preferences, but requires that households' preferences be the...
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