Measuring a Dynamic Price Index Using Consumption Data
Abstract: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.
Document Type: Research Article
Affiliations: Shuhei Aoki is a Junior Research Fellow, National Institute for Research Advancement, 4-20-3 Ebisu, Shibuya-ku, Tokyo 150-6034, Japan ( )., Email: firstname.lastname@example.org
Publication date: August 1, 2010