The main approaches to measuring hedonic indexes in the academic literature are the imputation approach and the time dummy approach. This paper compares both approaches, discusses an alternative method called hedonic re-pricing, and comments on a recent contribution by Diewert et al. (2009). The...

If a consumer wishes to protect her retirement account from the risk of price changes in order to sustain a stable standard of living, then what price index should the account be indexed to? This paper constructs a dynamic price index (DPI) that answers this question. Unlike the existing theory...

The aim of this paper is to estimate the changeover's inflationary impact in Italy and Milan and make an assessment of the official methodology used by the National Institute of Statistics (ISTAT). The changeover's inflationary impact has been estimated in 0.6-0.7 percentage points in Italy,...

The issues relating to the complexity of the measurement of the Consumer Price Index (CPI) which is regarded as the best and most well known indicator of inflationary trends and without referring to which economic policies cannot be evaluated have long been debated. Any measurement error in CPI...

The effect on the household consumption price index from possible sources of error in capturing digital products depends on the weight of the affected products. To calculate upper bounds for this effect, we apply weights based on the average structure of household consumption in OECD countries...

The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass level disaggregation of the CPI over 1990-2021, and...

Due to the constantly growing interest in alternative investments, the art market has become the subject of numerous studies. By publishing sales data, many services and auction houses provide a foundation for further research on the latest trends. Determining the definition of the artistic...

In this paper an empirical comparison of a number of alternative multilateral index-number formulae is undertaken. The magnitude of the effect of choosing one formula over another is ascertained using an appropriate cross-sectional data set constructed under the auspices of the Eurostat-OECD...

We draw on a complete data-base for the Italian automotive market which allows to identify make, model and version for all the vehicles sold, including the main technical characteristics for each version. The period considered is from January 1998 to March 2002. The main result is that the...

With Laspeyres, Paasche and other authors such as Drobisch and Lehr, Germany made quite a promising start in index theory in the last decades of the 19th century. However, it soon lost ground after this period, which is described in this paper. The focus is not on biographies but on...