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Measuring Price Inflation and Growth in Economic Well-Being with Income-Dependent Preferences - Liberty Street Economics
https://libertystreeteconomics.newyorkfed.org/2024/01/measuring-price-inflation-and-growth-in-economic-well-being-with-income-dependent-preferences/
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Tagged with:
inflation
inequality
macroeconomics
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A novel methodology uses the relationship between income and household-level inflation to construct accurate measures of changes in living standards.
