This paper is a substantially revised version of “Monetary Policy and Mismeasured Inflation,” EUI Working Paper RSCAS 2009/44. I acknowledge the kind hospitality of the Robert Schuman Centre at the European University Institute, where part of this research was carried out. Also, this research was supported by the Deutsche Forschungsgemeinschaft through the Collaborative Research Center 649: Economic Risk. I thank two anonymous referees for useful comments. I also thank Roberto Rigobon and Sebastian Braun for comprehensive discussion. Any errors are mine.
Product Replacement Bias in Inflation and Its Consequences for Monetary Policy
Version of Record online: 27 MAR 2012
© 2012 The Ohio State University
Journal of Money, Credit and Banking
Volume 44, Issue 2-3, pages 255–299, March-April 2012
How to Cite
WEBER, H. (2012), Product Replacement Bias in Inflation and Its Consequences for Monetary Policy. Journal of Money, Credit and Banking, 44: 255–299. doi: 10.1111/j.1538-4616.2011.00487.x
- Issue online: 27 MAR 2012
- Version of Record online: 27 MAR 2012
- Received February 2, 2010; and accepted in revised form November 17, 2011.
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