A newly identified source of potential CPI bias: Weekly versus monthly unit value price indexes
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作者:
Diewert, W. Erwin
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Univ British Columbia, Vancouver, BC V5Z 1M9, Canada
Univ New S Wales, Sydney, NSW 2052, AustraliaUniv British Columbia, Vancouver, BC V5Z 1M9, Canada
Diewert, W. Erwin
[1
,2
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Fox, Kevin J.
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Univ New S Wales, Sydney, NSW 2052, AustraliaUniv British Columbia, Vancouver, BC V5Z 1M9, Canada
Fox, Kevin J.
[2
]
de Haan, Jan
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Stat Netherlands, Amsterdam, Netherlands
Delft Univ Technol, NL-2600 AA Delft, NetherlandsUniv British Columbia, Vancouver, BC V5Z 1M9, Canada
de Haan, Jan
[3
,4
]
机构:
[1] Univ British Columbia, Vancouver, BC V5Z 1M9, Canada
[2] Univ New S Wales, Sydney, NSW 2052, Australia
[3] Stat Netherlands, Amsterdam, Netherlands
[4] Delft Univ Technol, NL-2600 AA Delft, Netherlands
We find that unit value prices used for constructing the CPI should be for the same period as the index to be constructed, rather than for a sub-period. The latter approach can lead to an upward bias in the CPI. (C) 2016 Elsevier B.V. All rights reserved.