Crawford, I.;
Image, I.;
(2002)
Testing the RPI data for consistency with the
theory of the cost-of-living index.
(IFS Working Papers
W02/19).
Institute for Fiscal Studies: London, UK.
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Abstract
This paper tests the published section level price and weight data used in the compilation of the UK Retail Prices Index for consistency with the theory of the cost-of-living index. We use a nonparametric test of theoretical consistency and bootstrap statistical methods to estimate the probability of consistency.
| Type: | Working / discussion paper |
|---|---|
| Title: | Testing the RPI data for consistency with the theory of the cost-of-living index |
| ISBN: | http://www.ifs.org.uk/wps/wp0219.pdf |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://www.ifs.org.uk/wps/wp0219.pdf |
| Language: | English |
| 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/2947 |
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