Using Engel curves to estimate CPI bias in a small, open, inflation-targeting economy

The Consumer Price Index (CPI) bias for New Zealand is calculated by estimating the food Engel curves for demographically similar households with the same level of CPI-deflated incomes at different points in time. For the 17 years from 1984 to 2001 the bias in the New Zealand CPI as a cost-of-living...

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Veröffentlicht in:	Applied financial economics 2010-09, Vol.20 (17), p.1327-1335
Hauptverfasser:	Gibson, John, Scobie, Grant
Format:	Artikel
Sprache:	eng
Schlagworte:	Bias Consumer Price Index Cost of living Cost of living indexes Demography Economic theory Economies of scale Estimation bias Family income Household economics Inflation Inflation targeting Monetary economics New Zealand Studies
Online-Zugang:	Volltext
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