Alternative Strategies for Aggregating Prices in the CPI
收藏NBER1997-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5980
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资源简介：
The Consumer Price Index does not take into account the fact that consumers alter the composition of their purchases in response to changes in relative prices. This substitution effect will cause the CPI to grow faster than the cost of living. This paper presents new estimates showing that this bias
提供机构：
美国国家经济研究局
创建时间：
1997-03-01
