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Thanks, this is really an excellent article.  If you had the time, I think it would be very helpful if you could write a short diary on this subject.  I think it is poorly understood here at ET.  And it is often presented on this sight as having political motivations behind it, rather than being constructed to have better economic data upon which to based better economic decisions.  thanks again.
by wchurchill on Mon Dec 4th, 2006 at 04:05:11 PM EST
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If you think we don't understand the concept, maybe it behooves you to put up the diary!

Note one thing though: it is a different thing to say that (i) hedonic pricing should not be used and that (ii) using it one way in one country and another in another country distorts comparisons.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Dec 5th, 2006 at 06:43:19 PM EST
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To the first point, I frankly think Sargon would do a better job than I would.

To the second, did you know that countries other than the US were using these tools?  Why was only the US being bashed, by you and others?  It seemed pretty clear from your and Migeru's comments that you were saying hedonic pricing should not be used--and all the vitriol was aimed at the US,,,,saying that it was being done by the Americans to make their numbers look better.  What was that all about?

by wchurchill on Thu Dec 7th, 2006 at 12:00:11 AM EST
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the "bashing is here and here in this thread.  and has been a common theme for months.  Just to anticipate the question.
by wchurchill on Thu Dec 7th, 2006 at 12:09:46 AM EST
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