The Plutocratic Bias in the CPI : Evidence from Spain

Evidence from Spain

The Plutocratic Bias in the CPI : Evidence from Spain
We define the plutocratic bias as the difference between inflation measured according to the current official CPI and a democratic index in which all households receive the same weight. We estimate that during the 1990s the plutocratic bias in Spain amounts to 0.055 percent per year. However, positive and negative biases cancel off when... READ MORE...

Publication date: October 2000
ISBN 9781451858174
$15.00

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