The Plutocratic Bias in the CPI : Evidence from Spain /

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, positi...

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Bibliographic Details
Main Author: Ruiz Castillo, Javier
Other Authors: Izquierdo, Mario, Ley, Eduardo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2000.
Series:IMF Working Papers; Working Paper ; No. 2000/167
Online Access:Full text available on IMF