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Tekijä: | Izquierdo, M. Ley, E. Ruiz-Castillo, J. |
Otsikko: | The plutocratic gap in the CPI: evidence from Spain |
Lehti: | IMF Staff papers
2003 : VOL. 50:1, p. 136-155 |
Asiasana: | Consumer price index Inflation Spain |
Vapaa asiasana: | Plutocratic gap |
Kieli: | eng |
Tiivistelmä: | 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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