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Measuring Real Consumption and CPI Bias under Lockdown Conditions
Diewert, W. Erwin - 2020
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/10012481727
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Mismeasurement in the Consumer Price Index : An Evaluation
Shapiro, Matthew D. - 1996
living. This paper develops a framework for studying measurement problems in the consumer price index and systematically …A number of analysts have claimed recently that the consumer price index overstates the annual increase in the cost of … show how better to measure medical care prices, the paper presents a prototypical price index for cataract surgery. This …
Persistent link: https://www.econbiz.de/10012473258
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Distance, Skill Deepening and Development : Will Peripheral Countries Ever Get Rich?
Redding, Stephen - 2003
This paper models the relationship between countries' distance from global economic activity, endogenous investments in education, and economic development. Firms in remote locations pay greater trade costs on both exports and intermediate imports, reducing the amount of value added left to...
Persistent link: https://www.econbiz.de/10012469256
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International Trade and Per Capita Income Convergence : A Difference-in-Differences Analysis
Slaughter, Matthew J. - 1998
In this paper I analyze whether international trade contributes to per capita income convergence across countries. The analysis focuses on four important post-1945 multilateral trade liberalizations. To identify trade's effect on income dispersion, in each case I use a difference-in-differences'...
Persistent link: https://www.econbiz.de/10012472251
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Per Capita Income Convergence and the Role of International Trade
Slaughter, Matthew J. - 1997
theory. The key point here is that countries trading is not sufficient proof that trade helps cause per capita income …
Persistent link: https://www.econbiz.de/10012472931
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Measuring the ''World'' Real Interest Rate
King, Mervyn - 2014
Over the past couple of decades, and especially since the financial crisis in 2008-09, real interest rates have collapsed. For much of the past two years they have been negative, but they have been trending down for some while. But how far have real rates fallen? This note computes a measure of...
Persistent link: https://www.econbiz.de/10012458777
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Missing Aggregate Dynamics : On the Slow Convergence of Lumpy Adjustment Models
Berger, David - 2003
from VAR estimates. The extent of this "missing persistence bias" decreases with the level of aggregation, yet convergence … persistence measures that vary systematically with levels of aggregation should be examined with care since the differential …
Persistent link: https://www.econbiz.de/10012468799
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Alternative Strategies for Aggregating Prices in the CPI
Shapiro, Matthew D. - 1997
The Consumer Price Index does not take into account the fact that consumers alter the composition of their purchases in … December 1986 and December 1995. This bias could be eliminated by using a superlative index to aggregate prices across the item … for overcoming them. In particular, it shows how to construct an accurate approximation to a superlative price index that …
Persistent link: https://www.econbiz.de/10012472841
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Cost of Capital for the United States, Japan, and Canada : An Attempt at Measurement Based on Individual Company Records and Aggregate National Acccoun
Ando, Albert - 1997
countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records …
Persistent link: https://www.econbiz.de/10012472944
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The Human Capital Stock : A Generalized Approach
Jones, Benjamin F. - 2011
This paper presents a new framework for human capital measurement. The generalized framework can (i) substantially …
Persistent link: https://www.econbiz.de/10012461170