tHe roLe oF HedonIC metHods In measurIng reaL gdp In tHe unIted states

  • Brent R. MOULTOn
  • Published 2007


Accurate price indexes are crucial for preparing accurate estimates of real gross domestic product and corresponding productivity measures. The price index must capture price change for a ‘relevant’ market basket goods, while at the same time controlling for changes in characteristics and/or quality of these goods. Traditional price indexes (i.e. ‘matched… (More)


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