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The Generalized Unit Value Index
Auer, Ludwig von - 2011
The inflation rate is normally computed as a weighted average of individual price changes. Alternatively, this rate could be evaluated by comparing average price levels. Unfortunately, this methodology has received limited attention in past research. This study attempts to remedy this situation...
Persistent link: https://www.econbiz.de/10010356068
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Renewable Energy : Stabilising Money and Society
Turnbull, Shann - 2017
This chapter explains how the generation of renewable energy and the creation of sustainable communities can guide capitalism to survive climate change on a self-reinforcing basis. The process depends upon introducing an ecological “use it or lose it” rule for owning money, land, buildings...
Persistent link: https://www.econbiz.de/10012945816
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A Framework for Price Statistics
Zieschang, Kimberly - 2021
This paper describes the primary framework associating the four principal price indices in the system of economic statistics-the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI)-with the macroeconomic value aggregates they...
Persistent link: https://www.econbiz.de/10013317951
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Commodities and monetary policy : implications for inflation and price level targeting
Coletti, Donald; Lalonde, René; Masson, Paul R.; Muir, Dirk - 2012
We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important consequences for global commodity prices. We find that...
Persistent link: https://www.econbiz.de/10009546871
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A Review of Ppp-Adjusted GDP Estimation and its Potential Use for the Fund's Operational Purposes
Wagner, Nancy - 2007
International comparison of economic aggregates, expressed in domestic currencies, requires their conversion into a common numeraire currency such as the U.S. dollar or the SDR. Since market (or official) exchange rates are subject to fluctuations which may result in comparisons that do not...
Persistent link: https://www.econbiz.de/10012778576
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Aggregation of Economic Indicators Across Countries : Exchange Rate Versus PPP Based GDP Weights
Gulde, Anne Marie - 2006
Relative GDP shares are frequently used as weights in aggregations. In order to ensure that these weights reflect countries` shares in real output, GDP data in national currencies should be converted into a common numeraire currency at purchasing power parity (PPP) rates. A review of the...
Persistent link: https://www.econbiz.de/10012781311
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Weighted Median Inflation Around the World : A Measure of Core Inflation
Ball, Laurence; Carvalho, Carlos; Evans, Christopher; … - 2023
The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass level disaggretion of the CPI over 1990-2021, and...
Persistent link: https://www.econbiz.de/10014256872
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Long-run links among money, prices, and output : world-wide evidence
Herwartz, Helmut; Reimers, Hans-Eggert - 2001
Preisniveau und dem realen Output testet. Weiterhin werden die Parameterrestriktionen, die sich durch die monet¨are Theorie … analyse this topic by means of a P-star model. Based on the quantity theory of money, this approach explains inflation via a …. Moreover, parameter restrictions for the long-run relationships implied by the monetary theory are tested. Country specific P …
Persistent link: https://www.econbiz.de/10011419407
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The price revolution in the 16th century : empirical results from a structural vectorautoregression model
Bernholz, Peter (contributor); Kugler, Peter (contributor) - 2007
This paper provides empirical evidence in favor of the hypothesis that the secular price increase in the 16th century is mainly caused by money supply developments as the discovery of new mines in Latin America. First we review price developments for several European countries over the 16th...
Persistent link: https://www.econbiz.de/10003666993
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Long-Run Links Among Money, Prices, and Output : World-Wide Evidence
Herwartz, Helmut - 2016
Persistent link: https://www.econbiz.de/10012991296