Arbeitspapier
Is there a quality bias in the Canadian CPI? Evidence from micro data
Rising consumer prices may reflect shifts by consumers to new higher-priced products, mostly for durable and semi-durable goods. I apply Bils' (2009) methodology to newly available Canadian consumer price data for non-shelter goods and services to estimate how price increases can be divided between quality growth and price inflation. I find that less than one-third of observed price increases during model changeovers should be attributed to quality growth. This implies overall price inflation close to inflation measured by the official index. I conclude that, according to Bils' methodology, the quality bias is not an important source of potential mismeasurement of CPI inflation in Canada.
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Canada Working Paper ; No. 2013-24
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Production Management
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Thema
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Inflation and prices
Potential output
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kryvtsov, Oleksiy
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Canada
- (wo)
-
Ottawa
- (wann)
-
2013
- DOI
-
doi:10.34989/swp-2013-24
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kryvtsov, Oleksiy
- Bank of Canada
Entstanden
- 2013
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