Front Matter
Author:
Mr. Eduardo Ley
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IMF Institute

Authorized for distribution by Reza Vaez-Zadeh

Contents

  • I. Introduction

  • II. Plutocratic and Democratic CPI Budget Shares

    • A. Income Elasticity

  • III. The CPI Plutocratic Bias

    • A. Geographical Price Variation

    • B. Empirical Estimates of the CPI Bias

    • C. Group Indexes

  • IV. An Equivalence-Scale Approach

  • V. Concluding Remarks

  • References

  • Text Tables

  • 1. Notation

  • 2. Empirical Studies of the CPI Plutocratic Bias

  • 3. Decomposition of the CPI Plutocratic Bias: Spain 1993-97

  • 4. CPI Plutocratic Bias for Different Values of θ: Spain 1993-97

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Whose Inflation? A Characterization of the CPI Plutocratic Bias
Author:
Mr. Eduardo Ley