Verzerrungen von Konsumentenpreisindizes und ihr Einfluss auf das "reale" Wirtschaftswachstum - dargestellt am Beispiel der USA

Jochen Hartwig and Bernd Schips

No 04-94, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: The paper reviews the sources of "Upward bias" and "Downward bias" in the USConsumer Price Index (CPI) and discusses the changes the Bureau of Labor Statistics has introduced in order to eliminate them. The remaining biases are quantified. Also, the question is raised how much the changes to the CPI have lifted the growth rates of "real" US-GDP upward. It is shown that the divergence in growth rates between the US and the European Union since 1997 can be explained almost entirely in terms of differing statistical methods.

Keywords: Konsumentenpreisindex; Wirtschaftswachstum; Statistische Verzerrung; Statistische Artefake; USA; Consumer Price Index; Economic Growth; Statistical bias; Statistical artifacts; United States (search for similar items in EconPapers)
Pages: 26 pages
Date: 2004-11
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:kof:wpskof:04-94

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