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This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...
Persistent link: https://www.econbiz.de/10008856398
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...
Persistent link: https://www.econbiz.de/10009010169
procedure: statistical methods and methods based on economic theory. The latter include a new procedure which is based on the P …. Statistical core inflation rates perform relatively well, while core rates based on economic theory suffer, in particular, from a … der Basis der ökonomischen Theorie. Im Rahmen der letzteren wird auch ein neues Verfahren vorgestellt, das auf dem P …
Persistent link: https://www.econbiz.de/10011418839
Persistent link: https://www.econbiz.de/10010256161
In February 1998 a work was published in the series of discussion papers produced by the Bundesbank which was concemed with problems of measuring inflation in Gerrnany. This paper met with a lively response. The Research Group of the Bundesbank therefore staged a workshop on this subject at...
Persistent link: https://www.econbiz.de/10010470805
Persistent link: https://www.econbiz.de/10008937268
Standard measures of consumer price inflation are based on a bundle of representative goods. It is well known that this approach might overstate inflation for new products and products with fast increasing quality. For this reason, hedonic adjustment methods have been proposed and introduced in...
Persistent link: https://www.econbiz.de/10003213905
Persistent link: https://www.econbiz.de/10001606856
procedure: statistical methods and methods based on economic theory. The latter include a new procedure which is based on the P …. Statistical core inflation rates perform relatively well, while core rates based on economic theory suffer, in particular, from a …
Persistent link: https://www.econbiz.de/10001503208
Persistent link: https://www.econbiz.de/10001431842