A Dynamic Measure of Inflation
收藏NBER2005-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11746
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This paper shows that conventional measures of cost-of-living inflation, based on static models of consumption, suffer from two problems. The first is an intertemporal substitution bias, as these measures neglect the ability of consumers to borrow and lend in response to price changes. The second
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美国国家经济研究局创建时间：
2005-11-01
