In this paper we derive the standard error of a price index when both prices and tastes or technology are treated as … stochastic. Changing tastes or technology are a reason for the weights in the price index to be treated as stochastic, which can … function (with Sato-Vartia price index), and also the translog function (with Törnqvist price index), which proves to be more …

A major shortcoming of the U.S. leading index is that it does not use the most recent information for stock prices and … yield spreads. The index methodology ignores these data in favor of a time-consistent set of components (i.e., all of the … forecasts and create an index with a complete set of most recent components. This study uses tests of ex-ante predictive ability …

treatment, rather than prices of fixed bundles of inputs. We outline features of a proposed new experimental price index -- a … medical care expenditure price index -- that is more suitable for evaluation and analyses of medical care cost changes, than …

-series data calculated from the PSID. The results indicate that the Consumer Price Index does a reasonably accurate job …

case, both the marginal value of characteristics and a fixed-weight price index can be estimated from a hedonic regression …. Using the marginal value of characteristics, we show how to construct bounds on the exact hedonic price index. When prices …