Measuring a Dynamic Price Index Using Consumption Data
Version of Record online: 15 JUL 2010
© 2010 The Ohio State University
Journal of Money, Credit and Banking
Volume 42, Issue 5, pages 959–964, August 2010
How to Cite
AOKI, S. and KITAHARA, M. (2010), Measuring a Dynamic Price Index Using Consumption Data. Journal of Money, Credit and Banking, 42: 959–964. doi: 10.1111/j.1538-4616.2010.00315.x
We are indebted to Toni Braun for his help in the initial stages of this research. We are also grateful to an anonymous referee for kind advice and suggestions. All remaining errors are, of course, our own. The financial supports from the JSPS and the MEXT are greatly appreciated.
- Issue online: 15 JUL 2010
- Version of Record online: 15 JUL 2010
- Received October 14, 2008; and accepted in revised form January 4, 2010.
- dynamic price index;
- cost of living;
We propose a new method of constructing a dynamic price index (DPI). Under standard assumptions, our DPI is as stable as the Consumer Price Index (CPI). In certain periods, the DPI differs sharply from the CPI.