W. Erwin Diewert
Abstract
The paper considers the use of a Consumer Price Index (CPI) for three possible purposes: (1) as a Cost of Living Index (COLI); i.e., as a measure of the relative cost of achieving the standard of living when facing two different sets of prices for th
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The paper considers the use of a Consumer Price Index (CPI) for three possible purposes: (1) as a Cost of Living Index (COLI); i.e., as a measure of the relative cost of achieving the standard of living when facing two different sets of prices for th
Key concepts: Index (typography), Consumer price index (South Africa), Economics, Econometrics, Monetary economics, Computer science, World Wide Web, Monetary policy