Hartwig, Jochen; Schips, Bernd - KOF Swiss Economic Institute, Department of Management, … - 2004
The paper reviews the sources of «Upward bias» and «Downward bias» in the USConsumer Price Index (CPI) and discusses the changes the Bureau of Labor Statistics has introduced in order to eliminate them. The remaining biases are quantified. Also, the question is raised how much the changes to...