Showing 1 - 10 of 624
The paper derives a new monthly index of industrial production for the United States for 1884-1940. This index improves … component series that are consistent over time, and by not making ad hoc adjustments to the data. Analysis of the new index …
Persistent link: https://www.econbiz.de/10013244089
In this paper we employ index number theory in addressing the problem of adjusting real national income and real …
Persistent link: https://www.econbiz.de/10013324490
The paper considers the problem of choosing a multilateral system of index numbers in order to make aggregate price and … index number formula. The great variation in relative prices and quantities in the international context means that the … approach, the concept of a superlative bilateral index number formula (which can adequately model substitution effects) is …
Persistent link: https://www.econbiz.de/10013137597
This paper examines the problem of measuring the growth of a monetary aggregate in the presence of innovations in financial markets and changes in the relationship between individual assets and output. We propose constructing a monetary aggregate so that it is a good leading indicator of nominal...
Persistent link: https://www.econbiz.de/10013125265
Biomedical R&D Price Index (BRDPI) focused on input costs rose only 2.2-fold. Most of the disparity appears to be attributable to … agencies to develop a producer price index for this type of R&D activity, contributing to broader efforts to develop a deflator …
Persistent link: https://www.econbiz.de/10013064303
Millions of goods and services are now unavailable in many countries due to the current coronavirus pandemic, dramatically impacting on the construction of key economic statistics used for informing policy. This situation is unprecedented; hence methods to address it have not previously been...
Persistent link: https://www.econbiz.de/10012833756
We describe a new index of the current and historical returns to venture-type capital. The conceptual basis for the … index is the value of a continuously reinvested value-weighted portfolio of all venture-backed and similar pre …-public companies. It provides a metric for private equity comparable to the Samp;P 500 for public equity. We build the index from …
Persistent link: https://www.econbiz.de/10012785970
standalone market indexes. Reclassifications from one index to another require thousands of investors to decide how to react. We … substantially overshoot between the announcement and effective dates—prices fall when a market moves from an index with more …
Persistent link: https://www.econbiz.de/10012952509
We use textual analysis of high-dimensional data from patent documents to create new indicators of technological innovation. We identify significant patents based on textual similarity of a given patent to previous and subsequent work: these patents are distinct from previous work but are...
Persistent link: https://www.econbiz.de/10012907760
Measuring the performance of private equity investments (buyout and venture) has historically only been possible over long horizons because the IRR on a fund is only observable following the fund's final distribution. We propose a new approach to evaluating performance using actual prices paid...
Persistent link: https://www.econbiz.de/10012908484