An Improved Long-Run Consumer Price Index for the United States
Bibliographic Data
| ID | 11253294 |
|---|---|
| Authors | Lawrence H Officer (University of Illinois Chicago, corresponding author) |
| Year | 2007 |
| Volume | 40 |
| Issue | 3 |
| Pages | 135-148 |
| Publication date | 2007-07-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Historical Methods A Journal of Quantitative and Interdisciplinary History (JOURNAL) |
| Journal identifiers | ISSN: 0161-5440 • E-ISSN: 1940-1906 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.3200/hmts.40.3.135-148 |
| OpenAlex | W2000947276 |
| Language | EN |
| Citations received | 1 |
| References cited | 5 |
The consumer price index series in the Historical Statistics of the United States, millennial edition, is improved via construction of a new long-run consumer price index series. For a component series, the author uses a neglected series developed by Paul Douglas. Although differences between the Historical Statistics series and the new series are not large, the Historical Statistics series nevertheless exhibits both conceptual and computational weaknesses when compared with the new series. Furthermore, the Historical Statistics series systematically diverges from the new series. In effect, the Historical Statistics series has two segments, which are improperly linked. Empirical evidence suggests the superior representativeness of the new series
Econometrics · Economics · Index (typography · Price index · Representativeness heuristic · Series (stratigraphy · Statistics · Time series · Computer Science · Consumer Market Behavior and Pricing · Economics of Agriculture and Food Markets · Mathematics · Monetary Policy and Economic Impact · Geology
| Citations per year | 0.13 |
|---|---|
| Citation span | 2018 - 2018 (1) |
| Highly cited | No |