UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

A non-parametric bound on substitution bias in the UK retail prices index

Blow, L.; Crawford, I.; (1999) A non-parametric bound on substitution bias in the UK retail prices index. (IFS Working Papers W99/15). Institute for Fiscal Studies: London, UK. Green open access

[thumbnail of 14935.pdf]
Preview
PDF
14935.pdf

Download (261kB)

Abstract

This paper uses revealed preference restrictions and nonparametric statistical methods to bound true cost-of-living indices. These are compared to the popular price indices including the type used to calculated the UK RPI. This is used to assess the method of calculating the RPI for substitution bias.

Type: Working / discussion paper
Title: A non-parametric bound on substitution bias in the UK retail prices index
Open access status: An open access version is available from UCL Discovery
Publisher version: http://dx.doi.org/10.1920/wp.ifs.1999.9915
Language: English
Keywords: JEL classification: C43, D11. Cost-of-living indices, substitution bias, revealed preference
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/14935
Downloads since deposit
206Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item