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| Author: | Izquierdo, M. Ley, E. Ruiz-Castillo, J. |
| Title: | The plutocratic gap in the CPI: evidence from Spain |
| Journal: | IMF Staff papers
2003 : VOL. 50:1, p. 136-155 |
| Index terms: | Consumer price index Inflation Spain |
| Freeterms: | Plutocratic gap |
| Language: | eng |
| Abstract: | The plutocratic gap is defined as the difference between the inflation measured according to the current official consumer price index (CPI) and a democratic index in which all households receive the same weight. During 1992-97, the plutocratic gap in Spain averaged 0,055 percentage points a year. Since positive and negative gaps cancel out, the average absolute gap is significantly larger: 0,090 percentage points a year. |
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