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The Economist magazine has been publishing the Big Mac Index using it as a rule of thumb to determine the over- or … under-valuation of international currencies based on the theory of Purchasing Power Parity since 1986. According to the … theory, using the Big Mac as a tradable single-good basket, the Dollar-value of the hamburger should be equalized around the …
Persistent link: https://www.econbiz.de/10013055284
Persistent link: https://www.econbiz.de/10015110326
The Malmquist Productivity Index (MPI) suggests a convenient way of measuring the productivity change of a given unit … productivityt index of 17 OCDE countries, constructed from their GDP, labor and capital stock …
Persistent link: https://www.econbiz.de/10014217663
In this paper a new method of constructing the leading economic index is presented. Its main advantage is the ability …
Persistent link: https://www.econbiz.de/10011890861
We review the past 25 years of time series research that has been published in journals managed by the International Institute of Forecasters (Journal of Forecasting 1982-1985; International Journal of Forecasting 1985-2005). During this period, over one third of all papers_new published in these...
Persistent link: https://www.econbiz.de/10011346491
A common practice in studies using inflation forecasts is to approximate fixed-horizon forecasts with fixed-event ones. Here we show that this may be problematic. In a panel of US inflation forecast data that allows us to compare the two, the approximation results in a mean absolute...
Persistent link: https://www.econbiz.de/10012928064
Monetary policymakers and long-term investors would benefit greatly from a measure of underlying inflation that uses all relevant information, is available in real time, and forecasts inflation better than traditional underlying inflation measures such as core inflation measures. This paper...
Persistent link: https://www.econbiz.de/10010404156
Consumer Price Index (CPI). The shelter prices measured in the CPI capture new and existing renters and tend to lag market … rents. This lag explains how in recent months the shelter-price index (CPI shelter) has accelerated while market rents have …
Persistent link: https://www.econbiz.de/10014354997
components of the Consumer Price Index (CPI). While the majority of existing research is focused on predicting headline inflation … hierarchy to improve predictions at the more volatile lower levels. Based on a large dataset from the US CPI-U index, our …
Persistent link: https://www.econbiz.de/10014345532