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these differences in cost-of-living. In this paper, we study consumption inequality in India, while fully allowing for non …
Persistent link: https://www.econbiz.de/10011421580
these differences in cost-of-living. In this paper, we study consumption inequality in India, while fully allowing for non …
Persistent link: https://www.econbiz.de/10012997773
Persistent link: https://www.econbiz.de/10008729222
Textbooks of macroeconomics regularly remind their readers that they should not interpret the macroeconomic price variable as some sort of average price. Instead it represents some price index indicating the average of the individual items' price changes between the period considered and some...
Persistent link: https://www.econbiz.de/10010356094
this has on the measurement of inflation. Using a large US scanner data set on supermarket products and applying flexible … introduces a systematic bias in the measurement of inflation. For our data we find that the life cycle bias underestimates the … measurement of inflation by around 0.30 percentage points each year …
Persistent link: https://www.econbiz.de/10013074551
This paper discusses and analyzes selected pertinent statistical and economic questions raised by the shift in price statistics towards covering broader markets of the economy, namely introducing a Producers Price Index (PPI) series in place of the Wholesale Price Index (WPI) series in Egypt...
Persistent link: https://www.econbiz.de/10012725029
The stochastic approach to index numbers has attracted renewed attention in recent times (e.g., Clements and Izan, 1981 and 1987; Diewert, 1995; Giles and McCann, 1994; and Selvanathan and Rao, 1994). One of the attractions of this approach is that it provides standard errors for the index numbers. This...
Persistent link: https://www.econbiz.de/10012778950
This paper reviews alternative approaches to measuring an economy's cost competitiveness and proposes some new measures inspired by the economic theory of index numbers. The indices provide a theoretical benchmark for estimated real effective exchange rates, but differ from standard measures in...
Persistent link: https://www.econbiz.de/10012779161
under-weighted, but the under-weighting remains fairly stable over time so that inflation measurement is not signi ficantly …
Persistent link: https://www.econbiz.de/10013059072
time so that inflation measurement is not significantly affected. In addition, we find evidence that the typical practice …
Persistent link: https://www.econbiz.de/10012992918