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Defining Price Stability in Japan: A View from America

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NBER2007-07-01 更新2025-01-04 收录
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Japanese monetary and fiscal policy uses the consumer price index as a metric for price stability. Despite a major effort to improve the index, the Japanese methodology of calculating the CPI seems to have a large number of deficiencies. Little attention is paid in Japan to substitution biases and

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2007-07-01
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