How much does formula versus chaining matter for a cost‐of‐living index? The CPI‐U versus the C‐CPI‐U.
A large economics literature has debated the best formula to estimate a cost‐of‐living index (COLI). This study shows that formula does not matter for many purposes for an index chained at a monthly frequency once chain drift has been removed. Spurious chain drift is removed with a new method reveal...
| Published in: | Economic Inquiry Vol. 60; no. 2; pp. 645 - 668 |
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| Format: | Article |
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Wiley-Blackwell
Apr2022
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| Online Access: | View this record in EBSCOhost |