The cost-of-living index in a cash and credit goods economy
The cost-of-living index in a cash and credit goods economy
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现金和信贷商品经济中的生活成本指数
DOI：
10.1017/s136510052200027x
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发表时间：
2022
影响因子：
0.9
通讯作者：
Shirota Toyoichiro
中科院分区：
文献类型：
--
作者：
Ryuji Sano;Shirota Toyoichiro
本研究构建了现金信贷商品经济中的生活成本指数。我首先认为，传统的生活成本指数在应用于现金信贷商品经济时会导致内部不一致，然后开发一个内部一致的生活成本指数。这个新的指数表明，利率直接影响生活成本，而且这种影响是不对称的。将该指数应用于美国过去20年的数据表明，这种对总价格指数的影响在数量上是不可忽略的。
This study constructs a cost-of-living index in a cash-credit goods economy. I first argue that the conventional cost-of-living index entails internal inconsistency when applied to the cash-credit goods economy and then develop an internally consistent cost-of-living index. This new index suggests that the interest rate directly affects the cost of living, and that its effect is asymmetric. Applying the index to the US data for the past 20 years suggests that this effect on the aggregate price index is quantitatively nonnegligible.