CONSUMER PRICE COST OF LIVING INDEXES OF THE AMERICAN NATIONS

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Bulletin

Author :
ISBN : UCLA:31158005036198
Genre : Working class
File Size : 88.42 MB
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Category: Working class

Handbook Of Labor Statistics

Author :
ISBN : UIUC:30112104138331
Genre : Labor
File Size : 88.69 MB
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Contains digests of the material published by the Bureau of sufficiently recent date to be of present-day interest and value.
Category: Labor

Getting Prices Right

Author : Dean Baker
ISBN : 0765602210
Genre : Business & Economics
File Size : 83.94 MB
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PART 3 ADDITIONAL VIEWS ON THE ACCURACY OF THE CONSUMER PRICE INDEX -- Katharine G. Abraham -- Barry P. Bosworth -- Martin Feldstein -- FURTHER READINGS -- INDEX -- ABOUT EPI -- ABOUT THE EDITOR
Category: Business & Economics

At What Price

Author : National Research Council
ISBN : 9780309074421
Genre : Political Science
File Size : 47.4 MB
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How well does the consumer price index (CPI) reflect the changes that people actually face in living costsâ€"from apples to computers to health care? Given how it is used, is it desirable to construct the CPI as a cost-of-living index (COLI)? With what level of accuracy is it possible to construct a single index that represents changes in the living costs of the nation’s diverse population? At What Price? examines the foundations for consumer price indexes, comparing the conceptual and practical strengths, weaknesses, and limitations of traditional “fixed basket†and COLI approaches. The book delves into a range of complex issues, from how to deal with the changing quality of goods and services, including difficult-to-define medical services, to how to weight the expenditure patterns of different consumers. It sorts through the key attributes and underlying assumptions that define each index type in order to answer the question: Should a COLI framework be used in constructing the U.S. CPI? In answering this question, the book makes recommendations as to how the Bureau of Labor Statistics can continue to improve the accuracy and relevance of the CPI. With conclusions that could affect the amount of your next pay raise, At What Price? is important to everyone, and a must-read for policy makers, researchers, and employers.
Category: Political Science

Consumer Price Index Manual

Author : International Monetary Fund
ISBN : 9781455271955
Genre : Business & Economics
File Size : 63.63 MB
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The consumer price index (CPI) measures the rate at which the prices of consumer goods and services are changing over time. It is a key statistic for economic and social policymaking and has substantial and wide-ranging implications for governments, businesses, and households. This important and comprehensive Manual provides guidelines for statistical offices and other agencies responsible for constructing CPIs, and explains in-depth the methods that are used to calculate a CPI. It also examines the underlying economic and statistical concepts and principles needed for making choices in efficient and cost-effective ways, and for appreciating the full implications of those choices.
Category: Business & Economics

The Benefits Of Price Convergence

Author : Gary Clyde Hufbauer
ISBN : 0881323330
Genre : Business & Economics
File Size : 58.42 MB
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Price divergence is readily apparent to anyone who shops. Travelers from Manchester to London, or from Chicago to Paris, are hit by sticker shock. Products ranging from London Fog raincoats to Viagra are available over the Internet at half their retail store prices. Common experience tells us that prices for identical products differ between countries, between cities, even between neighboring shops. On the other hand, common experience also tells us that open markets and greater competition will force a degree of price convergence, if not identical prices. This monograph presents speculative calculations that illustrate potential benefits from price convergence between countries. The authors take a fresh look at global economic integration by examining existing price divergence, and possible price convergence, across a range of consumer goods and then calculate the potential benefits of price convergence on a country-by-country basis and for the world as a whole. This study examines the potential benefits from price convergence resulting from more competition and market integration, not perfect competition and market integration. The authors calculate these benefits assuming that the world economy can attain the same degree of competition and market integration-and hence price convergence-as exists within the United States.
Category: Business & Economics