The plutocratic gap in the CPI : evidence from Spain

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Show simple item record Izquierdo, Mario Ley, Eduardo Ruiz-Castillo, Javier 2009-07-14T12:13:02Z 2009-07-14T12:13:02Z 2003-03
dc.identifier.bibliographicCitation IMF Staff Papers, 2003, v. 50, n. 1, pp. 136-155
dc.identifier.issn 1020-7635
dc.description.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, however, the average absolute gap is significantly larger: 0.090 percentage points a year. For the purposes of accounting for the plutocratic gap, a 53-dimensional commodity space can be conveniently reduced to two dimensions: a luxury index and a necessities index.
dc.format.mimetype text/html
dc.language.iso eng
dc.publisher International Monetary Fund
dc.title The plutocratic gap in the CPI : evidence from Spain
dc.type article PeerReviewed
dc.description.status Publicado
dc.subject.jel C43
dc.subject.jel D31
dc.subject.jel D63
dc.subject.eciencia Economía
dc.rights.accessRights closedAccess
dc.identifier.publicationfirstpage 136
dc.identifier.publicationissue 1
dc.identifier.publicationlastpage 155
dc.identifier.publicationtitle IMF Staff Papers
dc.identifier.publicationvolume 50
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