On Curing the CPI's Substitution and New Goods Bias

Bert M. Balk

22 citations0/0 files stored

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Income, Poverty, and Inequality Economics of Agriculture and Food Markets

Abstract

The basic idea developed in this paper is that a modified (two level) CES utility or cost function accounts for substitution caused by price changes as well as by changes in the range of available commodities. The theory of the associated cost of living index is provided, as well as a practical recipe for calculating this index in real time. 1

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 22 citations exist upstream.

References

1976Exact and superlative index numbers 1994New product varieties and the measurement of international prices 1962Production Functions with Constant Elasticities of Substitution 1967A Two-Level Constant-Elasticity-of-Substitution Production Function 1976The Ideal Log-Change Index Number 1963Constant Elasticity of Substitution Production Functions 1972The S-Branch Utility Tree: A Generalization of the Linear Expenditure System 1992Accounting for Growth With New Inputs

Cited by

2011Improving the preliminary values of the chained CPI-U

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.