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Comment on "Incorporating Financial Services in a Consumer Price Index"

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Price Index Concepts and Measurement This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: Price Index Concepts and Measurement Volume Author/Editor: W. Erwin Diewert, John S. Greenlees and Charles R. Hulten, editors Volume Publisher: University of Chicago Press Volume ISBN: 0-226-14855-6 Volume URL: http://www.nber.org/books/diew08-1 Conference Date: June 28-29, 2004 Publication Date: December 2009 Chapter Title: Comment on "Incorporating Financial Services in a Consumer Price Index" Chapter Author: Susanto Basu Chapter URL: http://www.nber.org/chapters/c5080 Chapter pages in book: (266 - 271) 266 Dennis Fixler banks in the NIPAs: Changes in concepts and methods. Survey of Current Business 83 (9): 33– 43. Fixler, D., and K. D. Zieschang. 1992. User costs, shadow prices, and the real output of banks. In Output measurement in the service sectors, ed. Z. Griliches, 219– 43. Chicago: University of Chicago Press. ———. 1999. The productivity of the banking sector: Integrating fi nancial and production approaches to measuring fi nancial service output. The Canadian Jour- nal of Economics 32 (2): 547– 69. ———. 2001. Price indices for fi nancial services. Paper presented at the April 2001 Ottawa Group meeting. 2– 6 April, Canberra, Australia. International Labour Organization. 2004. Consumer Price Index manual: Theory and practice. (Draft, chapter 10). Available at: http:/ / www.ilo.org/ public/ english/ bureau/ stat/ guides/ cpi/ index.htm. Kunze, K., M. Jablonski, and M. Sieling. 1998. Measuring output and labor produc- tivity of commercial banks (SIC 602): A transactions- based approach. Paper pre- sented at the Brookings Institution Workshop on Banking Output. 20 November, Washington, DC. Moulton, B., and E. Seskin. 2003. Preview of the 2003 comprehensive revision of the National Income and Product Accounts: Changes in defi nitions and classifi ca- tions. Survey of Current Business 83 (Jun

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