Price indices for heterogenous goods such as real estate or fine art constitute crucial information for institutional or private investors considering alternative investments in times of financial markets turmoil. Classical mean-variance analysis of alternative investments has been hampered by...

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...

This collection of essays covers a diverse set of topics related to household behavior and welfare. Prices play a key role in several of the essays, particularly the distributional implications of price movements, and the effects of changes in relative prices on inequality and poverty. This book...