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Chapter 6 Measurement of Cost of Living/inflation - Coggle Diagram
Chapter 6 Measurement of Cost of Living/inflation
Definitions
Inflation 通货膨胀: price level is rising.
Deflation 通货紧缩：negative inflation rate
Disinflation 反通货膨胀
inflation 的速度在下降，但经济整体还在经历 inflation
的情况
Consumer Price Index (CPI)
the overall cost of the goods and services bought by a
typical consumer.
Compute the inflation rate
(CPI2-CPI1)/CPI1 x 100%
CPI rise=inflation
Problems:overstates increases in the cost of living
Introduction of New Goods
Substitution Bias
Unmeasured Quality Change
PPI生产者价格指数& GDP Deflator
The Fisher Effect
nominal interest rate=inflation rate+real
inflation effect
lender--lose
fixed income--lose
savers--lose
employees--loss
employers--gain
borrower--gain
