Measurement errors and quality-adjustment methodology: lessons from the Japanese CPI

Shigenori Shiratsuka ()

Economic Perspectives, 1999, vol. 23, issue Q II, 2-13

Abstract: This article examines the problems inherent in quality changes/new goods bias in the Consumer Price Index, using the Japanese case as an example. The author proposes a practical way to improve the accuracy of quality adjustments by introducing the hedonic approach to the conventional procedure.

Keywords: Consumer; price; indexes (search for similar items in EconPapers)
Date: 1999
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