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This thesis explores whether scanner data can be used to inform Consumer Price Index (CPI) construction, with particular reference to the issues of substitution bias and choice of aggregation dimensions. The potential costs and benefits of using scanner data are reviewed. Existing estimates of...
Persistent link: https://www.econbiz.de/10009484217
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244215
This paper describes the IMF's projections and estimates of St. Vincent and the Grenadines on prices and wages, GDP by … economic activity at current factor cost and by type of expenditure at current prices, petroleum consumption and unit values …
Persistent link: https://www.econbiz.de/10011245060
Persistent link: https://www.econbiz.de/10005352855
Conventional wisdom suggests that producer prices are more rigid than consumer prices and therefore play less of a role … for the producer price index, we find that producer prices for finished goods and services in fact exhibit roughly the … same rigidity as consumer prices that include sales and substantially less rigidity than consumer prices that exclude them …
Persistent link: https://www.econbiz.de/10008636157
This paper was presented at the conference "Economic Statistics: New Needs for the Twenty-First Century," cosponsored by the Federal Reserve Bank of New York, the Conference on Research in Income and Wealth, and the National Association for Business Economics, July 11, 2002. The main objective...
Persistent link: https://www.econbiz.de/10005712978
In this paper, we derive two new measures of international relative prices for Norway. Developments in these new …
Persistent link: https://www.econbiz.de/10008542984
estimates are potentially inefficient and open to omitted variable bias for two reasons. First, they use average prices across … outlets as the left-hand-side variable. Second, quality-adjusted prices of non-comparable replacements, required when products …
Persistent link: https://www.econbiz.de/10008497615
goods. For example, inflation in intermediate goods prices rose from 2.6 percent annually in the first half of 1994 to 7 … less than 3 percent. Many analysts are concerned that recent increases in the prices of crude and intermediate goods may be … expected to move through the production chain, leading to increases in consumer prices. A review of basic economic theory …
Persistent link: https://www.econbiz.de/10005501306
This paper reexamines whether producer prices help predict consumer prices, focusing on model stability and the … for a simple form of instability, however, fails to improve the predictive power of producer prices. Even in models using … prices do not help to forecast consumer prices. …
Persistent link: https://www.econbiz.de/10005410708