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An Index Number Formula Problem : The Aggregation of Broadly Comparable items

Silver, Mick S. - 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/10014404313

Price Imputation and Other Techniques for Dealing with Missing Observations, Seasonality and Quality Change in Price Indices

Armknecht, Paul A. - 1999

Price index compilers frequently face situations where price observations are missing due to seasonal unavailability … indices. This paper presents statistical imputation techniques that index compilers can use to prevent bias and suggests the …

Persistent link: https://www.econbiz.de/10014400856

COVID-19 and the CPI : is inflation underestimated?

Reinsdorf, Marshall B. - 2020

COVID-19 changed consumers' spending patterns, making the CPI weights suddenly obsolete. In most regions, adjusting the CPI weights to account for the changes in spending patterns increases the estimate of inflation over the early months of the pandemic. Under-weighting of rising food prices and...

Persistent link: https://www.econbiz.de/10012392420

Methodologies of Price Indices in Transition Countries

Zieschang, Kimberly D. - 1995

price measurement and index compilation for the countries that have emerged from the former Soviet Union. These are …

Persistent link: https://www.econbiz.de/10014395908

Improving the Efficiency of the U.S. CPI

Armknecht, Paul A. - 1996

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014395950

Exchange rate volatility and pass-through to inflation in South Africa

Miyajima, Ken - 2019

Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility. Estimated results suggest that higher exchange rate...

Persistent link: https://www.econbiz.de/10012155038

A Framework for Price Statistics

Zieschang, Kimberly D. - 2000

statistics—the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI …

Persistent link: https://www.econbiz.de/10014399800

Core Inflation Measures and Statistical Issues in Choosing Among them

Silver, Mick S. - 2006

This paper provides an overview of statistical measurement issues relating to alternative measures of core inflation, and the criteria for choosing among them. The approaches to measurement considered include exclusion-based methods, imputation methods, limited influence estimators, reweighting,...

Persistent link: https://www.econbiz.de/10014400370

Measuring Competitiveness

Neary, J. Peter - 2006

measures inspired by the economic theory of index numbers. The indices provide a theoretical benchmark for estimated real …

Persistent link: https://www.econbiz.de/10014400395

Whose Inflation? : A Characterization of the CPI Plutocratic Bias

Ley, Eduardo - 2001

standard CPI and a democratically weighed index (i.e., the plutocratic bias) as the product of average income, income …

Persistent link: https://www.econbiz.de/10014400882