Hidden Bibliographic Details
| Other authors / contributors: | Ley, Eduardo.
Izquierdo, Mario.
International Monetary Fund. Fiscal Affairs Department.
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| ISBN: | 1451903421
9781451903423
1462343813
9781462343812
1451989415
9781451989410
1282100874
9781282100879
9786613799456
6613799459
9781451858174
1451858175
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| Notes: | Includes bibliographical references (pages 23-25).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 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 averaging over the whole period. The mean absolute bias is significantly larger, 0.090. We can explain most of the oscillations experimented by the plutocratic bias by the price behavior of three goods: a luxury good and two necessities.
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| Other form: | Print version: Ruiz-Castillo, Javier. Plutocratic bias in the CPI. [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Dept., ©2000
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| Standard no.: | 10.5089/9781451903423.001
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