Suchergebnisse

If you're going to willy-nilly divide things by random deflators, maybe you should read this (free) manual first. For a more compact exposition, see this 2008 blogpost, with link to Diewert JEP piece. Must confess, when I first ran into "Fisher ideal price indices" as an undergraduate, I was befuddled. But I appreciated the […]

The periodic revision of the weights for an index provides an opportunity to review and modify the concepts and procedures used and also to give information about them. The latest revision of the Canadian Consumer Price Index (CPI) has made some use of this opportunity to change procedures, but the explanation of the index leaves much to be desired. This is unfortunate because the published material describing the procedures used in the construction of the Canadian CPI is very limited. In the Preface of an earlier publication, "a more technical reference paper as well as other explanations of the index" were announced for later release. These explanations have not appeared, and the publication under review, with its extensive quotations from the earlier publication, is not a suitable substitute.