Forthcoming – A Price Index for Canada, 1688 to 1850

A few days ago, I received goods news that the Canadian Journal of Economics had accepted my paper that constructed a consumer price index for Canada between 1688 and 1850 from homogeneous sources (the account books of religious congregations). I have to format the article to the guidelines of the journal and attach all my data and it will be good to go (I am planning on doing this over the weekend or maybe early next week). The abstract is below and I also join two of the graphics contained in the article so that my key results can be gleaned at:

This paper presents the first price index for any region of Canada that spans from the colonial era to the mid-19th century. I constructed it using prices from the account books of religious congregations with estates throughout modern-day Quebec. It represents a substantial improvement over previous indexes thanks to the consistent price quotations in the source material, the high frequency of observations for many goods, the vast number of goods and the inclusion of numerous non-agricultural and non-food goods. Its price trends differ mildly from those of existing but less-comprehensive price indexes. I link this new index with post-1850 indexes to create a 328-year price index for Canada.

Figure 1



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