Verzerrungen von Konsumentenpreisindizes und ihr Einfluss auf das «reale» Wirtschaftswachstum – dargestellt am Beispiel der USA
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Date
2004-11Type
- Working Paper
ETH Bibliography
yes
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Abstract
The paper reviews the sources of «Upward bias» and «Downward bias» in the USConsumer Price Index (CPI) and discusses the changes the Bureau of Labor Statistics has introduced in order to eliminate them. The remaining biases are quantified. Also, the question is raised how much the changes to the CPI have lifted the growth rates of «real» US-GDP upward. It is shown that the divergence in growth rates between the US and the European Union since 1997 can be explained almost entirely in terms of differing statistical methods. Show more
Permanent link
https://doi.org/10.3929/ethz-a-004871471Publication status
publishedJournal / series
KOF Working PapersVolume
Publisher
KOF Swiss Economic Institute, ETH ZurichSubject
United States; Statistical artifacts; Economic Growth; Statistische Artefake; Konsumentenpreisindex; PRICE FLUCTUATIONS; PREISINDEX; Statistische Verzerrung; USA; Statistical bias; Consumer Price Index; PREISBEWEGUNG; PRICE INDEX; ECONOMIC GROWTH; VEREINIGTE STAATEN VON AMERIKA, USA (NORDAMERIKA); Wirtschaftswachstum; WIRTSCHAFTSWACHSTUM; UNITED STATES OF AMERICA, USA (NORTH AMERICA)Organisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
Notes
Also published as: Biases in consumer price indices and their impact on 'real' economic growth - illustrated by the example of the United States.More
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ETH Bibliography
yes
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