A Political Economy of the Measurement of Inflation

The case of France

Specificaties
Paperback, blz. | Engels
Springer International Publishing | e druk, 2022
ISBN13: 9783030599423
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Juridisch :
Springer International Publishing e druk, 2022 9783030599423
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Samenvatting

Inflation should no longer be a politically sensitive indicator. Indeed, since the early 1980s, macroeconomic policies have managed to contain it. Yet the consumer price index (CPI), which is the main indicator for measuring inflation, remains very frequently consulted by citizens, due to its multiple uses. The CPI is used for indexing wages, pensions, but also various contracts such as food pensions. It is also used by National Accounts to deflate macroeconomic values and to provide data in “real” terms. But how is this CPI measured? index? What reforms have happened to give shape to the XXIst century CPI? 

This book presents the CPI based on the study of the controversies that have marked its history. Set in both the socio-economic and ideas contexts, these controversies show the eminently conventional and political nature of the CPI and, therefore, of many other macroeconomic indicators, such as growth or productivity.

Specificaties

ISBN13:9783030599423
Taal:Engels
Bindwijze:paperback
Uitgever:Springer International Publishing

Inhoudsopgave

Introduction.- 1.What is a Price Index - Statistical Approach.- 2. A Political Economy of the Price Index, 1913-1990.- 3. The European Turning Point.- 4. The Quality Effect.- 5. From Consumer Prices to the 'Cost of Living'.- 6. The Reform of “Checkout Data”.- 7. Under or Overestimation of Inflation?.- Conclusion.

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        A Political Economy of the Measurement of Inflation