Upward Bias in the Consumer Price Index Under the Zero Information Economy

Takashi Unayama

No 575, KIER Working Papers from Kyoto University, Institute of Economic Research

Abstract: I estimate the demand system using Japanese husehold survey data, and calculate the cost of living index (COLI). In the recent zero- inflation situation, the CPI understates the COLI, while there are upward biases in the CPI during 1980's in Japan.

Pages: 9 pages
Date: 2003-09
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Persistent link: https://EconPapers.repec.org/RePEc:kyo:wpaper:575

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