This paper examines the methodology for computing the export price index used by the National Census and Statistics Office, evaluates this methodology and the problems arising from its use, discusses an alternative methodology and proposes the adoption of the revised methodology to make the...

We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i.e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has only studied the impact of nominal income. We use...

Changes in the relative prices of commodities consumed in different shares across income groups are known to influence real measures of inequality. Using household budget survey and price data in Mozambique from 2002/03 and 2008/09, we show that accountin

We present a novel analysis extending the recent work of Mizuno et al. (Physica A 308 (2002) 411) on the hyperinflations of Germany (1920/1/1–1923/11/1), Hungary (1945/4/30–1946/7/15), Brazil (1969–1994), Israel (1969–1985), Nicaragua (1969–1991), Peru (1969–1990) and Bolivia...

It is believed that changes in the varieties of an imported product might have effects on the import price index for the product that are similar to the effects of new goods on the cost of living. Recently, a new index number formula that incorporates the effects of new goods has been suggested...

This paper suggests two theoretically consistent and empirically tractable ways that a cost-ofliving index can be expanded to include the environment and other public goods. In addition, it presents an empirical illustration of such an index for Los Angeles, California, incorporating air quality...

The paper pertains to the recent extension of price and production statistics to health, social assistance services and education. In the first part, it is underlined that using net prices instead of gross prices, as it has been decided for the European harmonised consumer price index, is...

In this article, as part of the symposium on total factor productivity, Erwin Diewert of the University of British Columbia provides a comprehensive discussion of what is needed to develop reliable measures of total factor productivity in terms of output and the different classes of inputs. He...

Changes in quality in information technology products provoke that compilation of their price indexes represent a major challenge. In this respect, this paper has three goals. In first place, to build price indexes for personal computers during 1990-2004. In second place, to compare our price...

After the introduction of the euro notes and coins in January 2002, throughout the Economic and Monetary Union member countries there was a widespread feeling that the euro had brought about a significant hike in consumer prices. A substantial discrepancy was evident between inflation as...