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Should the Cost‐of‐living Index Provide the Conceptual Framework for a Consumer Price Index

Datos Bibliográficos

ID9708895
AutoresJack E Triplett (Brookings Institution, autor de correspondencia)
Año2001
Volumen111
Número472
Páginas311-334
Fecha de publicación2001-06-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.1111/1468-0297.00633
OpenAlexW2118643763
IdiomaEN
Citas recibidas19
Referencias citadas16

In some countries, the cost‐of‐living (COL) index serves as the conceptual framework for the CPI, but it has been rejected in others. This paper reviews issues that have arisen in the statistical agency debate and in the economics literature on the COL index, including rhetorical matters which have influenced the debate. I contend that COL theory is useful as a decision‐making framework in estimating components of the CPI, and that COL index theory provides appropriate guidance for measuring consumer inflation, contrary to the view that has been adopted for the European HICP and expressed by an advisory committee for the RPI

Actuarial science · Agency (philosophy · Conceptual framework · Consumer price index (South Africa · Cost of living · Econometrics · Economics · Index (typography · Inflation (cosmology · Macroeconomics · Monetary policy · Positive economics · Price index · Public economics · Rhetoric · Rhetorical question · Social science · Sociology · Climate Change Policy and Economics · Computer Science · Housing Market and Economics · Monetary Policy and Economic Impact

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Obras citantes distintas19
Citas por año0,68
Intervalo de citas1998 - 2023 (26)
Velocidad de citaciónhistorical
Altamente citadoNo
Tipos de citaNeutras: 18
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