design considerations, 11, 40, 42, 43, 97, 191-192

domain-related, 3, 65-68, 94, 96-98

homotheticity in preferences, 49, 50-51

income changes, 2, 90

mathematical approach, 74-93

MCPI, 181-185

public perceptions and understanding of, 39, 58-59

purpose of index and, 40, 42, 43

quality adjustment, 2, 3, 14, 19, 28, 30, 39, 40, 57, 59, 62-64, 97-98, 106

reference period, 41, 42, 47-49, 51

satisfaction, 47, 53, 55-57

stochastic approach, 41-42, 68

stocks and flows, 33-35, 71-72

subpopulations and, 229-232

substitution effect, 2, 3, 39, 47-48, 50-51, 52-53, 58, 59-62

superlative indexes, 50-51, 53, 83-85

taste changes, 2, 53, 59, 64, 67, 69-70

test approach, 41-42, 50, 68

theoretical, 39, 40, 43-58, 73, 74-93

utility and choice, 47, 53-55

virtual demand for new commodities, 158 n.6

Conditional cost-of-living index (CCOLI), 39, 65-68, 69, 70, 86-90, 306

Congressional Budget Office, 259

Conrad, Kent, 228

Constant-elasticity-of-substitution (CES) price index, 6, 60-61, 91-93, 194

Constant utility index, 14

Consumer demand functions, 49-50, 306

Consumer Expenditure Survey (CEX), 42, 79, 213

accuracy, 12, 36, 253-256, 261

cost, 234, 253, 261

defined, 306, 307

description of, 189, 238, 244, 280-281

Diary Survey, 257, 280-281

expenditure weights, 11-12, 36, 253-256, 261, 274-275

frequency, 164-165, 256-257, 275

NIPA expenditure estimates compared, 214

POPS integrated with, 37, 264-266, 275

Quarterly Interview Panel Survey, 257, 280

questionnaire and structural issues, 36, 261- 262

research needs, 11-12, 261, 274-275

sample size, 12, 36, 131 n.25, 257-261

scanner technology and, 271-272

subgroup data, 4, 203 n.11, 227, 234, 236, 247, 248, 255, 259

substitution with new goods, 164-165

uses, 252, 261, 277, 281

Consumer Price Index (CPI)

aggregation in, 15, 23-24, 243-244, 305, 308, 311

biases in, 112-122, 129, 250

COLI-based, 2-3, 4, 14, 15, 18-19, 24, 94, 104, 110 n.3, 112, 144-145, 272-273

comparison period, 42

conceptual basis, 1-2, 8, 15-16, 18-19, 38, 39, 41, 42, 73, 94, 221

criticisms of, 1, 13, 14, 27, 39

defined, 306

domain, 3-4, 16, 17, 19-21, 73, 94, 105

experimental version (CPI-E), 11, 197, 203 n.11, 228, 246-250, 307

fixed-weight method, 14-15

growth of, 207-208

hedonic quality adjustment, 6-7, 132-137, 138, 139-140, 141

Housing Survey, 307

improvement initiative, 131 n.25, 145, 164, 166 n.14

introduction of new goods, 157, 161-167

item replacement, 134, 305-306, 307-308

item strata, 23, 130, 131, 156, 163, 307, 309

modified Laspeyres-based, 24, 49, 52, 61, 62, 97 n.2, 104, 111, 114, 221, 276-277, 306, 309

NIPA compared, 217, 219-221

product sampling and item identification, 107-108, 250

proxy prices, 72, 120, 307

PSU, 278-279, 310

quality adjustments, 14, 16, 27, 39, 106, 107, 110 n.3, 111, 112-122, 116-121, 130-137, 209-210

quantity-base period, 276-277

recalculation (CPI-U-RS), 202 n.8, 220, 307

reference period, 42, 276

research series, 210

revision frequency, 115, 166 n.13, 221

structure and elements, 23-24, 156, 163, 278-280, 307, 309

substitution behavior and, 15-16, 23-25, 26, 169-170, 113

superlative index, 24-25, 97, 191, 194-195, 207-208, 210



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