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An Index Number Formula Problem
Silver, Mick - 2009
Index number theory informs us that if data on matched prices and quantities are available, a superlative index number … formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give … as to why such formulas differ and proposes a solution to this index number problem …
Persistent link: https://www.econbiz.de/10012677703
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Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes.
Silver, Mick - 2006
Intro -- Contents -- I. INTRODUCTION -- II. HEDONIC INDEXES -- III. WHY HEDONIC IMPUTATION AND DUMMY TIME HEDONIC INDEXES DIFFER -- IV. CHOICE BETWEEN HEDONIC INDEXES AND DUMMY TIME HEDONIC INDEXES -- V. CONCLUSIONS -- References.
Persistent link: https://www.econbiz.de/10012691089
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Inflation in Pakistan : Money or Wheat?
Khan, Mohsin S - 2006
Persistent link: https://www.econbiz.de/10012691177
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Why Elementary Price Index Number Formulas Differ : Price Dispersion and Product Heterogeneity
Silver, Mick - 2006
Intro -- Contents -- I. INTRODUCTION -- II. ELEMENTARY INDEX NUMBER FORMULAS, THEIR USE AND JUSTIFICATION -- III …
Persistent link: https://www.econbiz.de/10012691106
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Measuring Competitiveness.
Neary, J. Peter - 2006
Intro -- Contents -- I. INTRODUCTION -- II. MEASURING THE COST OF LIVING -- III. TRUE REAL EFFECTIVE EXCHANGE RATES -- IV. AN APPLICATION: THE IRISH ECONOMY'S EXPOSURE TO STERLING -- V. CONCLUSION -- Appendix -- References.
Persistent link: https://www.econbiz.de/10012691043
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Money As Indicator for the Natural Rate of Interest
Berger, Helge; Weber, Henning - International Monetary Fund (IMF) - 2012
The natural interest rate is of great relevance to central banks, but it is difficult to measure. We show that in a standard microfounded monetary model, the natural interest rate co-moves with a transformation of the money demand that can be computed from actual data. The co-movement is of a...
Persistent link: https://www.econbiz.de/10009650625
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The ECB’s Monetary Analysis Revisited
Berger, Helge; Harjes, Thomas; Stavrev, Emil - International Monetary Fund (IMF) - 2008
Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete...
Persistent link: https://www.econbiz.de/10005599686
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Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands
Peiris, Shanaka J.; Ding, Ding - International Monetary Fund (IMF) - 2012
Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak monetary transmission mechanism in PICs suggest a greater efficacy of exchange rate changes in...
Persistent link: https://www.econbiz.de/10010790298
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A Coincident Indicator of the Gulf Cooperation Council (GCC) Business Cycle
Al-Hassan, Abdullah - 2009
coincident indicator provides a reliable measure of the GCC business cycle; over the last decade, the GCC coincident index and …
Persistent link: https://www.econbiz.de/10012677760
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The Role of Financial Variables in Predicting Economic Activity in the Euro Area
Lombardi, Marco - 2009
The U.S. business cycle typically leads the European cycle by a few quarters and this can be used to forecast euro area GDP. We investigate whether financial variables carry additional information. We use vector autoregressions (VARs) which include the U.S. and the euro area GDPs as a minimal...
Persistent link: https://www.econbiz.de/10012677494