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This paper provides an overview of statistical measurement issues relating to alternative measures of core inflation … cointegration tests, and correlation with money supply. Country practice can differ in how the approaches are implemented and how …
Persistent link: https://www.econbiz.de/10014400370
Prais (1958) showed that the CPI computed by statistical agencies can be interpreted as a weighed average of household price indexes, the weight of each household determined by its total expenditures. We decompose the difference between the standard CPI and a democratically weighed index (i.e.,...
Persistent link: https://www.econbiz.de/10014400882
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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
Price index compilers frequently face situations where price observations are missing due to seasonal unavailability, supply shortages, or the discontinuation of products. Incorrect treatment of such situations can result in biased price indices. This paper presents statistical imputation...
Persistent link: https://www.econbiz.de/10014400856
This paper describes the primary framework associating the four principal price indices in the system of economic statistics—the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI)—with the macroeconomic value aggregates they...
Persistent link: https://www.econbiz.de/10014399800
training courses and technical assistance missions. This paper develops elementary level aggregation theory to better inform …
Persistent link: https://www.econbiz.de/10014402245
Index number theory informs us that if data on matched prices and quantities are available, a superlative index number …
Persistent link: https://www.econbiz.de/10014404313
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the … findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad … retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing …
Persistent link: https://www.econbiz.de/10012796185
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