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systematically understated. The effect rests on overstated inflation estimates due to imputed prices for disappearing goods and …
Persistent link: https://www.econbiz.de/10012440399
possibilities and challenges in compiling a price index out of transaction data for flight package holidays. Our dataset comprises … unstructured text information, and weighting are addressed. Moreover, various index aggregation methods are analysed, which include … hedonic regressions, stratification, and also a multilateral index method. Applied to six major holiday destinations for …
Persistent link: https://www.econbiz.de/10012206780
) method to be biased. In cases where it is not, this index number method is still inefficient and inference is invalid. In … NLCPD method to regional price information derived from Germany’s consumer price index micro data. Price levels of the 401 …
Persistent link: https://www.econbiz.de/10013460131
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 …
Persistent link: https://www.econbiz.de/10012180626
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Yes, indeed; at least for macroeconomic policy interaction. We examine a Neo-Classical economy and provide the conditions for policy arrangements to successfully stabilize the economy when agents have either rational or adaptive expectations. For a contemporaneous-data monetary policy rule, the...
Persistent link: https://www.econbiz.de/10011513023
. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate …, forecasts predicting how a given exchange rate movement will impact inflation at a specific point in time should take into …
Persistent link: https://www.econbiz.de/10011671018
This paper examines the reasons for the declining path of inflation since the 1970s. In particular, it focusses on the … inflation. The paper makes use of different data from individual countries and panel of countries. These data show that the … dispersion of inflation and the behavior of relative prices follow a pattern that is consistent with several globalization …
Persistent link: https://www.econbiz.de/10014551656