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Measuring a Dynamic Price Index Using Consumption Data
Author(s) -
AOKI SHUHEI,
KITAHARA MINORU
Publication year - 2010
Publication title -
journal of money, credit and banking
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.763
H-Index - 108
eISSN - 1538-4616
pISSN - 0022-2879
DOI - 10.1111/j.1538-4616.2010.00315.x
Subject(s) - index (typography) , price index , consumption (sociology) , econometrics , consumer price index (south africa) , economics , producer price index , wholesale price index , computer science , price level , monetary economics , mid price , monetary policy , social science , sociology , world wide web
We propose a new method of constructing a dynamic price index (DPI). Under standard assumptions, our DPI is as stable as the Consumer Price Index (CPI). In certain periods, the DPI differs sharply from the CPI.