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 …

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

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

The Consumer Price Index Manual (2004) provides guidelines for aggregation formulas that are promulgated at IMF … training courses and technical assistance missions. This paper develops elementary level aggregation theory to better inform … users and compilers. Most countries use either the Dutot or Jevons index formula. These formulas generally give different …

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 …

corruption increases public investment while reducing its productivity. These are five channels through which corruption lowers …

This paper proposes a new index of sectoral labor distortion using employment and valueadded shares. We show that this … index is highly correlated with growth both crosssectionally and over time. We also use it to compare the degree of …