Purchasing power adjusted incomes applied in cross-country comparisons are measured with bias. In this paper, we … estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is … bias and the bias in consumer price index (CPI) numbers. The PPP bias and subsequent corrected incomes are measured by …

Price-adjusted data on national incomes applied in cross-country comparisons are measured with bias. By studying micro … data, this paper finds that the bias is systematic: the poorer a country is, the more its income tends to be overestimated …. Consequently, international income inequalities are underestimated. The bias in the macro price variables (PPPs), is caused by …

Two strands of the literature suggest that PPI inflation, rather than CPI inflation, should be the targeting variable … in a monetary policy rule. The distinction between these two rules would only be important if the two inflation indices … do not co-move strongly. The first contribution of this paper is to document that the two inflation gauges did co …

2017 to shed light on how online inflation compares to overall inflation, and to gauge the magnitude of new product bias … online. The Adobe data contain transaction prices and quantities purchased. We estimate that online inflation was about 1 … online, implies roughly 2 percentage points lower inflation than in a matched model/CPI-style index …

2017 to shed light on how online inflation compares to overall inflation, and to gauge the magnitude of new product bias … online. The Adobe data contain transaction prices and quantities purchased. We estimate that online inflation was about 1 … online, implies roughly 2 percentage points lower inflation than in a matched model/CPI-style index …

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 … United Kingdom, with comparative international case studies. The authors describe the historical development of inflation …