page | |
Message from the chair | 5 |
Proceedings of the IFC Workshop on CPI measures: central bank views and concerns, 20 and 21 April 2006 | |
9 | |
Session 1: International methodological standards for CPI and national practices | |
Chair: William White (Bank for International Settlements) | 13 |
14 | |
The CPI manual and IMF statistical capacity building | 17 |
International methodological standards for CPI and national practices | 19 |
Comparison of consumer price indices for the euro area, the United States and
Japan | 33 |
Measurement errors in the Japanese CPI | 36 |
44 | |
Session 2: Inflation measures from the perspective of monetary policy | |
Chair: Shigenori Shiratsuka (Bank of Japan) | 45 |
46 | |
Inflation measures from a monetary policy perspective | 52 |
Alternative measures of Inflation | 53 |
Inflation measures from the perspective of monetary policy: The case of
Brazil | 55 |
58 | |
Session 3: The measurement of housing services in the CPI | |
Chair: Javier Salas (Banco de México) | 61 |
62 | |
The treatment of owner-occupied housing in the harmonised index of consumer
prices | 68 |
Measurement of housing services in the CPI: The Measurement of owner-occupied
housing in Sweden | 80 |
The measurement of housing services in the CPI: The case of Hong Kong | 81 |
84 | |
Session 4: Dealing with quality adjustments | |
Chair: Johannes Hoffmann (Deutsche Bundesbank) | 85 |
86 | |
Adjustments for quality change and new goods | 91 |
The US experience with quality adjustment | 93 |
96 | |
Session 5: Other measurement issues of concern to central banks | |
Chair: Luc Aucremanne (National Bank of Belgium) | 97 |
98 | |
Price index measurement in Mexico | 103 |
Administered prices in the French HICP | 112 |
Change in price collection method for the compilation of the South African
CPI | 114 |
116 | |
Session 6: Measures of core or underlying inflation | |
Chair: Roberto Sabbatini (Bank of Italy) | 119 |
120 | |
| Core inflation: Definitions and
measures Robert Sabbatini | 127 |
The Canadian Experience with core inflation | 134 |
Core inflation measures: The case of Poland | 136 |
Core inflation measurement at the Riksbank | 140 |
142 | |
Session 7: Quantifying the measurement bias in CPIs | |
Chair: Mark Wynne (Federal Reserve Bank of Dallas) | 145 |
146 | |
Measurement error in the US CPI | 152 |
The accuracy of the HICP: a comment on recent contributions | 156 |
The "Index of perceived inflation (IPI)" for Germany: Conceptual
principles and shortcomings | 160 |
164 | |
Session 8: Central bank input into national and international discussions on CPI methodology | |
Chair: Gabriel Quirós (ECB) | 165 |
166 | |
The Bundesbank's contribution to the inflation measurement debate in
Germany | 168 |
173 | |
175 | |
187 | |
The basic statistical returns system – a mirror to the trends in Indian
banking | 198 |