作者：Abrevaya, J
作者单位：University of Chicago
作者：Nerlove, M
作者单位：University System of Maryland; University of Maryland College Park
作者：Silver, M; Heravi, S
摘要：This paper outlines the potential use of bar-code scanner data from retailers for the measurement of inflation. The source benefits from its extensive coverage in providing data on prices, quantities and values of transactions of each model of a good sold. Relative weights can thus be ascribed to price changes in both base and current. months at a highly detailed level which allows us to estimate substitution bias. Methods of adjusting for quality changes can be considered. The dummy variable ...
作者：Toye, J
作者单位：University of Oxford
作者：Goodhart, C
作者单位：University of London; London School Economics & Political Science
摘要：Besides the theoretical (Alchian/Klein, 1973) case for including asset prices in measures of inflation, there is also a practical case, that some asset prices, notably housing, are closely associated with the main trends in inflation, and via 'bubbles and busts' with output disturbances. Attempts to use the pure;Alchian/Klein methodology in practice give excessive weight to unstable asset prices, but there are more appropriate weighting schemes, derived either from econometrically measured rel...
