B

Base period, 41, 42, 69, 305, 309, 311

Basket price index. See Cost-of-goods index

Bias

in CEX, 253, 254-255

duration neglect, 54

in hedonic quality adjustment methods, 128, 129, 133, 139, 140, 249

in inflation indexes, 217-218

in item replacement methods, 112-114, 121- 122, 136

MCPI, 148, 185-186, 188

new goods, 31, 32, 107-108, 112-121, 146- 148, 156-158, 160-161, 162, 273

outlet, 8, 33, 128, 168 n.16, 170, 172, 173- 174

point-of-introduction, 158-159, 160-161

reporting, 254-255

sample selection, 128, 156-157

seasonal, 234

substitution, 8, 33, 59-62, 93, 113, 128, 147, 168 n.16, 170, 172, 173-174, 248 n.18

within-sample, 140

Boskin commission, 38, 39

on conceptual basis for CPI, 3, 14, 41, 73

criticisms of CPI, 1, 14, 27, 62

defined, 305

on domain of CPI, 66, 96

new goods bias estimates, 32, 157, 162, 163

outlet substitution bias estimates, 173-174

quality adjustment bias estimates, 27, 108, 109 n.2, 112-114, 115, 116-117, 119, 121, 131, 139, 146-148

on subgroup indexes, 228, 229, 250

on theoretical validity of CPI, 109 n.2

Bureau of Economic Analysis (BEA), 4, 102, 105, 189, 210, 214, 253, 274, 310

Bureau of Labor Statistics, 306

charge to committee, 17

commodity analysts, 107, 306

quality adjustment approaches, 39, 73, 107- 108, 113 n.6, 114-122, 129-140

ScanData initiative, 266-267, 269

C

Capital gains and losses, 72

Cellular phones, 8, 31, 32, 107, 124-125, 140, 148, 156, 161, 165

Census Bureau, 255, 310

Centers for Medical and Medicaid Services, 10, 189, 190

Chain drift, 167, 257, 308

Chained index, 162, 167, 210, 253 n.2, 277, 305, 308, 310

Choke price. See Virtual price

Class-mean method, 117, 118, 119, 121, 134 n.30, 136-137, 139, 305-306

Climate change, 20

Commodities and Services (C&S) Survey, 11, 36, 37, 263, 281-282, 306

Commodity analysts (BLS), 107, 116, 118, 125, 134, 138-139, 306

Comparison situation

conceptual issues, 41, 42, 48-49, 51

period-based, 41, 306, 310, 311

place-based, 66-67, 69-70

Compensating variation, 48, 81, 153

Compensation issues

child support, 209

COGI and, 70, 71

COLI and, 48, 51, 58, 61, 70-71, 81

conceptual bases for indexes, 48, 51, 58, 61, 70-71, 81

domain considerations, 21, 70, 103-105

employer-paid benefits, 21, 98, 103-105

homeowners, 70-71, 72

MCPI components and, 186

social security recipients, 40, 43, 48

and standard of living, 48

superlative indexes, 60, 61, 191

Computers, 29, 109, 110, 117, 120 n.12, 124, 127, 129, 130, 134, 135, 140, 142, 147, 156, 166

Conceptual bases for indexes

aggregation of prices, 39, 51-52

availability of data and, 15, 42-43, 50

basket price (cost-of-goods) approach, 2-3, 14, 16, 18-19, 38-39, 41, 42-46, 47, 48- 49, 50, 57, 74-79, 94

COGI vs. COLI, 57-72

comparison situation, 41, 42, 48-49, 51

compensation issues, 48, 51, 58, 61, 70-71, 81

consumer demand functions, 49-50

cost-of-living approach, 2-3, 14, 15, 16, 18- 19, 38-39, 41, 43, 46-53, 57, 58, 65-68, 69, 79-93, 283-292

CPI, 1, 2-3, 8, 14, 18-19, 38, 39, 41, 42, 73

criticisms of, 40, 52-53



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