Alternative Consumer Price Indexes for Mexico

Carlos Guerrero de Lizardi
Authors registered in the RePEc Author Service: Carlos Guerrero-de-Lizardi

No 42, CID Working Papers from Center for International Development at Harvard University

Abstract: The Consumer Price Index is a Laspeyres index which uses a plutocratic aggregate method. The Mexican CPI is not an exception. This paper has three purposes. The first purpose is to assemble a democratic CPI. The second purpose is to construct an alternative one using the median of the expenditure distribution. The third purpose is to compile price indexes for each one of the ten expenditure deciles. The concern about the use of a single price measurement has tremendous policy implications. In the last part the empirical results are analyzed in terms of the political economy of price measurement and in terms of the history of the monetary policy.

Keywords: Mexican CPI; political economy of price measurement; monetary policy (search for similar items in EconPapers)
Date: 2010-01
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Citations: View citations in EconPapers (5)

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