In this article we use the theory of conditional forecasts to develop a new Monetary Conditions Index (MCI) for Brazil … for the MCIs. The new indicator we develop is called the Conditional Monetary Conditions Index (CMCI) and is constructed …

index number methods like the CPDmethod and the GEKS method are utilised for the aggregation of the price data into higher …-level indices. Although the two index number methods produce differing price level estimates when prices are missing, the present … the GEKS method. Using price data of Germany's Consumer Price Index, it can be observed that more narrowly defined …