A Tale Of Two Price Levels: Consumer Price Index Vs. Producer Price Index
Posted: Sun May 27, 2018 11:41 am
Seeking Alpha - 5/27/2018 - Nicolás Cachanosky PhD - In a recent article, William Luther notes that the theoretical price level is just a numeraire, without significant implications; that relative prices, whatever the price level is, are what matter for resource allocations, but that, in practice, measured price levels do not capture all prices. Therefore, he argues that price levels can convey information about changes in relative prices in some instances. Read more @ https://seekingalpha.com/article/417753 ... rice-index