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its widely cited 1.1 percentage points CPI bias figure. The author also argues that the Commission ignored the possibility … that quality improvements could actually produce a net downward bias to CPI components because the implicit quality … increase than the CPI. He argues that it would have been preferable to separately address the distinct issues of CPI …
Persistent link: https://www.econbiz.de/10005481866
The author supports the type of the back-of-the-envelope calculations of CPI bias that the Commission used so … solvency, the author argues that use of the CPI to adjust social security benefits downward is not a preferred option. He … specific quantitative adjustment to the CPI index used to adjust federal programs. …
Persistent link: https://www.econbiz.de/10005481867
Academy of Sciences panel, to improve CPI measurement. The author examines the thorny issue of the CPI for health care, with … initiatives. By implementing many of the methodological changes suggested, the BLS has reduced net CPI inaccuracy and increased … professional confidence in the reliability of the CPI. …
Persistent link: https://www.econbiz.de/10005481869
Headline CPI, core CPI, and indices for various small expenditure categories were analyzed. Sustainable long …-term linear trends have been found in the difference between the headline CPI and these indices. Overall, the results completely …
Persistent link: https://www.econbiz.de/10005836772
. The empirical results also reveal a relatively faster rate of convergence during the post-inflation targeting period (1991 …
Persistent link: https://www.econbiz.de/10005800957
indicator. We find that inflation rates of both index of CPI are explained by the inflation rate of wholesale prices. For both …This document presents a multivariate transfer function model for two components of CPI, the processed food and non … components of the CPI it is accepted that elasticities in the long term to the consumption goods of industrial prices index are …
Persistent link: https://www.econbiz.de/10008520558
This working paper details unit root tests for monthly series, with the possibility of the stationary part having been generated by an ARMA process. The paper is complemented by an application to the four basic stochastic components of the consumer price index. Test evidences that the long-run...
Persistent link: https://www.econbiz.de/10008520561
This paper demonstrates that, in the context of U.S. housing data, rents and ex ante user costs diverge markedly—in both growth rates and levels—for extended periods of time, a seeming failure of arbitrage and a puzzle from the perspective of standard capital theory. The tremendous...
Persistent link: https://www.econbiz.de/10004985751
In the United States, there exist robust linear trends in the differences between headline (or core) CPI and price … by an elevated volatility. The difference between the core CPI and the price index for motor fuel can be also accurately …
Persistent link: https://www.econbiz.de/10005105697
Previously, linear trends were revealed in the differences between the headline CPI and the price indices for various … subcategories of the CPI in the United States. These trends can be continuous, as observed with the price index for medical care, or …
Persistent link: https://www.econbiz.de/10005052188