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Money Metric, Price and Quantity Aggregation and Welfare Measurement

Hillinger, Claude - 2021

The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates …

Persistent link: https://www.econbiz.de/10013320337

Biørn, Erik - 2016

For a panel data regression equation with two-way unobserved heterogeneity, individual-specific and period-specific, ‘within-individual’ and ‘within-period’ estimators, which can be given Ordinary Least Squares (OLS) or Instrumental Variables (IV) interpretations, are considered. A class...

Persistent link: https://www.econbiz.de/10011585187

Adjustment is much slower than you think

Caballero, Ricardo J.; Engel, Eduardo - 2003

still remains significant at high levels of aggregation. Because the bias rises with disaggregation, findings of …

Persistent link: https://www.econbiz.de/10011609531

Divisia monetary aggregates for a heterogeneous euro area

Brill, Maximilian; Nautz, Dieter; Sieckmann, Lea - 2019 - This version: June 25, 2019

We introduce a Divisia monetary aggregate for the euro area that accounts for the heterogeneity across member countries both, in terms of interest rates and the decomposition of monetary assets. In most of the euro area countries, the difference between the growth rates of the country-specific...

Persistent link: https://www.econbiz.de/10012023395

Should we care (more) about data aggregation? : evidence from the democracy-growth-nexus

Gründler, Klaus; Krieger, Tommy - 2019

We compile data for 186 countries (1919 - 2016) and apply different aggregation methods to create new democracy indices …. We observe that most of the available aggregation techniques produce indices that are often too favorable for autocratic …

Persistent link: https://www.econbiz.de/10011966711

Consistent aggregation with superlative and other price indices

Auer, Ludwig von; Wengenroth, Jochen - 2019

property of consistency in aggregation. This property, however, is indispensable for economic studies that attempt to …. The present paper introduces a thoroughly motivated formal definition of consistency in aggregation and proves that …, contrary to general perception, the three superlative price indices can be considered as consistent in aggregation. Furthermore …

Persistent link: https://www.econbiz.de/10012012496

Index numbers and revealed preference rankings

Hjertstrand, Per; Swofford, James L.; Whitney, Gerald A. - 2019

For previously identified weakly separable blockings of goods and assets, we construct aggregates using four superlative index numbers, the Fisher, Sato-Vartia, Törnqvist and Walsh, two non-superlative indexes, the Laspeyres and Paasche and the atheoretical simple summation. We conduct several...

Persistent link: https://www.econbiz.de/10012133128

Identifying key elements for adequate simplifications of investment choices - the case of wind energy expansion by

Pöstges, Arne; Weber, Christoph - 2021

models used in the field of energy system analysis. Aggregation is one solution to reduce the computation time of large … and cost streams, we propose a novel aggregation method. The aggregation covers both the spatial and the technological … components on the combined technological and spatial aggregation is analyzed. …

Persistent link: https://www.econbiz.de/10012425264

Quantifying bias and inaccuracy of upper-level aggregation in HICPs for Germany and the euro area

Herzberg, Julika; Knetsch, Thomas A.; Schwind, Patrick; … - 2021

Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation due to changing consumption being disregarded and the preliminary data being used in the compilation of expenditure weights. The statistical uncertainty produced by these...

Persistent link: https://www.econbiz.de/10012489562

The price-quantity decomposition of capital values revisited : framework and examples

Biørn, Erik - 2014 - This version December 2014

equal. Some variables are observable from market data without large efforts, some are genuinely unobservable, and some can …

Persistent link: https://www.econbiz.de/10010442013