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 …

understanding output and productivity growth of the U.S. economy but are unobserved at this level of aggregation and must be …

Summary In 2002, the US Bureau of Labor Statistics (BLS) introduced a supplemental C-CPI-U employing a superlative … upon the headline CPI-U’s current biennial weight update process, thereby reducing the CPI-U’s growth rate and bringing the … index closer to the C-CPI-U. We begin by estimating superlative price indexes for 1999 through 2007 along with indexes based …

Aggregation of international prices in empirical work is generally based on well known index number formulas. However …

Aggregation of international prices in empirical work is generally based on well known index number formulas. However …

relevant determinants. As the measure of corruption we use the Corruption Perception Index (CPI), considering alternative …