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Comment on CPI Biases
Oleh:
Diewert, W. Erwin
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 31 no. 2 (1996)
,
page 30-35.
Topik:
CPI
;
CPI biases
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.3
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Commenting on Klumpner's paper, diewert agrees on the size of the substitution bias. The formula bias might be 0,5 percent per year rather than 0,1 to 0,3 percent. The outlet substitution bias may be larger than zero. Although adjustment for quality bias is difficult, BLS does the best it can. New product bias is significantly larger than klumpner estimates. Diewert concludes the total CPI bias is 1,3 to 1,7 percent per year. He adds that the statistical agencies should modify their procedures to deal with a rapidly growing number of commodities rather than simply measuring prices and quantities of a fixed list of commodities.
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