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A nonlinear generalization of the country-product-dummy method

Auer, Ludwig von; Weinand, Sebastian - 2022

The present paper shows that product-specific regional price dispersion usually causes the Country-Product-Dummy (CPD) method to be biased. In cases where it is not, this index number method is still inefficient and inference is invalid. In view of this, a nonlinear generalization of the CPD...

Persistent link: https://www.econbiz.de/10013460131

Measuring spatial price differentials : a comparison of stochastic index number methods

Weinand, Sebastian - 2020

Spatial price comparisons rely to a high degree on the quality of the underlying price data that are collected within or across countries. Below the basic heading level, these price data often exhibit large gaps. Therefore, stochastic index number methods like the CPDmethod and the GEKS method...

Persistent link: https://www.econbiz.de/10012180626

The measurement of macroeconomic price level changes

Auer, Ludwig von - 2009

Textbooks of macroeconomics regularly remind their readers that they should not interpret the macroeconomic price variable as some sort of average price. Instead it represents some price index indicating the average of the individual items' price changes between the period considered and some...

Persistent link: https://www.econbiz.de/10010356094

Substitution Bias in Multilateral Methods for CPI Construction Using Scanner Data

Diewert, Walter E.; Fox, Kevin J. - 2018

Index. The attractiveness stems from the ability to be able to control for chain drift bias. Consensus on two key issues has …

Persistent link: https://www.econbiz.de/10014110279

The Product Life Cycle and Sample Representativity Bias in Price Indexes

Melser, Daniel - 2016

trends at different points in their life cycle then matched sample methods may introduce bias if the life cycle movement in … pricing effects and then examines the bias it can introduce in measured inflation. A large US supermarket scanner data set for … change is important across a range of products and cities. To explore the bias introduced by these movements we use …

Persistent link: https://www.econbiz.de/10012987900

Pairwise tests of convergence of Japanese local price levels

Ikeno, Hidehiro - In: International review of economics & finance : IREF 31 (2014), pp. 232-248

Persistent link: https://www.econbiz.de/10010490420

Long-run analysis on convergence of Japanese local price levels : a pairwise approach

Ikeno, Hidehiro - In: Economic modelling 42 (2014), pp. 390-397

Persistent link: https://www.econbiz.de/10010478080

Nominal or real? : the impact of regional price levels on satisfaction with life

Deckers, Thomas; Falk, Armin; Schildberg-Hörisch, Hannah - In: The B.E. journal of economic analysis & policy 16 (2016) 3, pp. 1337-1358

Persistent link: https://www.econbiz.de/10011650425

The country-product-dummy method with product-specific spatial price variation

Auer, Ludwig von; Weinand, Sebastian - 2025

Persistent link: https://www.econbiz.de/10015399502

Aggregation in Large Dynamic Panels

Pesaran, M. Hashem - 2015

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/10013038262