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This volume addresses the search for a true price index, the need to know how to convert an amount at one date into the right amount at another date. The index number problem is the longstanding question concerning how such an index should be constructed.
Annotation
Among the theoretical issues covered in this volume are the ""economic"" and the ""axiomatic"" or ""test"" approaches to the problem of constructing and choosing among alternative cost-of-living index formulas; ""bounds"" and ""econometric"" alternatives for developing empirical…