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The Super Price Index : Irving Fisher, and After

Afriat, Sydney - 2007

It is submitted, for the very large number of different traditional type formulae to determine price indices associated with a pair of periods, which are joined with the longstanding question of which one to choose, they should all be abandoned. A method is proposed whereby price levels...

Persistent link: https://www.econbiz.de/10012730841

Relative Prices and Pure Inflation Since the Mid-1990s

Ahn, Hie Joo; Luciani, Matteo - 2021

This paper decomposes consumer price inflation into pure inflation, relative price inflation, and idiosyncratic inflation by estimating a dynamic factor model á la Reis and Watson (2010) on a data set of 146 monthly disaggregated prices from 1995 to 2019. We find that pure inflation is the...

Persistent link: https://www.econbiz.de/10013321463

The Rough Path-Dependent Volatility Model

Parent, Léo - 2022

This article introduces the rough path-dependent volatility (RPDV) model, a model structurally adapted to jointly capture two major empirical features of volatility: its rough behavior and its path-dependence.After presenting it in its general form and its link with other existing models in the...

Persistent link: https://www.econbiz.de/10014236064

Consumer prices in Denmark 1502 - 2007

Abildgren, Kim - 2009

The paper presents a consumer price index for Denmark 1502-2007. For the post-1815 period the index is based on existing CPI figures whereas new data has been constructed for the pre-1815 period. For the earliest years 1502-1712 the new CPI covers only the price of corn, whereas the period...

Persistent link: https://www.econbiz.de/10003806135

Owner-occupied housing costs and bias in the Irish consumer price index

McCarthy, Colm (contributor) - 2007

The treatment of owner-occupied housing costs is a recurring problem in the construction of consumer price indices, and there are competing methodologies. In the most widely-used Irish index, the Payments Approach, which attaches a weight to a term involving historical house prices and an...

Persistent link: https://www.econbiz.de/10003581286

Spatial comparisons of prices and expenditure in a heterogeneous country : methodology with application to India

Majumder, Amita; Ray, Ranjan; Sinha, Kompal - 2012

This study addresses two significant limitations in the literature on cross-country expenditure comparisons: (a) treatment of all countries, large and small, as single entities with no spatial differences inside the countries, and (b) use of Divisia price indices, rather than preference based...

Persistent link: https://www.econbiz.de/10009559241

A retail price index including the shadow price of owner occupied housing

Blow, Laura; Nesheim, Lars - 2009

How do house price changes affect the cost of living? The retail price index in the UK does not directly incorporate house price changes. Instead it uses mortgage interest to capture the cost of owning a home. This is a useful method from many perspectives. However, from a consumer welfare...

Persistent link: https://www.econbiz.de/10003817246

Housing Rent Dynamics in Italy

Rondinelli, Concetta - 2010

In this paper we focus on tenant rents in Italy and compare results from several methods for the rent dynamic estimation. We first document the sources of data available and then introduce quality-adjusted techniques, which enable us to separate the price variation due to qualitative changes in...

Persistent link: https://www.econbiz.de/10013136613

Consumer Substitution, Cost of Living Measurement and Real Exchange Rate in Argentina - First Part : 1960-1995 (Long Version, in Spanish) (Sustitucion en el Consumo, Medición del C...

Maletta, Hector E. - 2010

, studies by several authors are used to estimate a cost of living index controlling for the CPI's substitution bias, consistent …

Persistent link: https://www.econbiz.de/10013152152

Consumer Substitution, Cost of Living Indices and Exchange Rate in Argentina - First Part : 1960-1995

Maletta, Hector E. - 2009

, as well as the Vartia quantum theory of bias in index numbers as applied to substitution bias in consumer price indices …This paper reviews the theory of the true cost of living index and its approximation through superlative index numbers … sizable effect over the years. The absolute effect varies with the absolute size of annual inflation. Substitution bias in the …

Persistent link: https://www.econbiz.de/10013157852