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Life Cycle Pricing and the Measurement of Inflation

Melser, Daniel; Syed, Iqbal - Volkswirtschaftliche Fakultät, … - 2007

bias introduced by the traditional match-model method may be non-trivial. …

Persistent link: https://www.econbiz.de/10005037733

Regionalization and its Implications for Price Index Construction: The Case of the International Comparisons Program

Hill, Robert J.; Hill, T. Peter - School of Economics, UNSW Business School - 2007

The International Comparisons Program (ICP) compares the purchasing power of currencies through a series of regional comparisons that are then linked together to obtain results at the global level. This process of regionalization complicates the construction of price indexes by essentially...

Persistent link: https://www.econbiz.de/10005422747

Core Inflation and Inflation Targeting in a Developing Economy

Rivas, Luis A. - Vanderbilt University Department of Economics - 2002

This paper is concerned with inflation targeting as a potential monetary policy objective in a developing economy. Using data from Nicaragua, it first studies the extent to which the Consumer Price Index (CPI) could be used to formulate short-run inflation targets. It is found that due to the...

Persistent link: https://www.econbiz.de/10005752758

Accounting for Unrepresentative Products and Urban-Rural Price Differences in International Comparisons of Real Income: An Application to the Asia-Pacific Region

Hill, Robert J.; Syed, Iqbal A. - Institut für Volkswirtschaftslehre, Social- und … - 2012

The International Comparisons Program (ICP) run by the World Bank compares the purchasing power of currencies and real income across countries. Using a unique data set consisting of over 600,000 ICP price quotes drawn from nine countries in the Asia-Pacific region, we consider a number of ways...

Persistent link: https://www.econbiz.de/10010603696

Euro or “Teuro”?: The Euro-induced Perceived Inflation in Germany

Brachinger, Hans Wolfgang - Departement für Quantitative Wirtschaftsforschung, … - 2006

many studies published by the German Federal Statistical Office. Then a newly developed theory of inflation perception is …

Persistent link: https://www.econbiz.de/10005622940

Verzerrungen von Konsumentenpreisindizes und ihr Einfluss auf das reale Wirtschaftswachstum: Dargestellt am Beispiel der USA

Hartwig, Jochen; Schips, Bernd - 2004

Der Aufsatz gibt einen Überblick über die Quellen von Verzerrungen des US-amerikanischen Konsumentenpreisindexes (CPI) nach oben und unten und diskutiert die Massnahmen, die das Bureau of Labor Statistics ergriffen hat, um sie zu beseitigen. Die verbliebenen Verzerrungen werden quantifiziert....

Persistent link: https://www.econbiz.de/10010285952

Notes on Unit Value Index Bias

Lippe, Peter von der; Diewert, W. Erwin - In: Journal of Economics and Statistics (Jahrbuecher fuer … 230 (2010) 6, pp. 690-708

with other standard index number formulae and the bias in the index can be determined. The present paper presents most of … the known results on this bias (and derives some new ones) in a coherent framework using a simple identity from the … unit value into more homogeneous subgroups reduce the unit value bias? The answer seems to be: probably yes. …

Persistent link: https://www.econbiz.de/10008765945

Real time underlying inflation gauges for monetary policymakers

Amstad, Marlene; Potter, Simon M. - 2009

Central banks analyze a wide range of data to obtain better measures of underlying inflationary pressures. Factor models have widely been used to formalize this procedure. Using a dynamic factor model this paper develops a measure of underlying inflation (UIG) at time horizons of relevance for...

Persistent link: https://www.econbiz.de/10003948215

Aggregation in large dynamic panels

Pesaran, M. Hashem; Chudik, Alexander - 2011

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...

Persistent link: https://www.econbiz.de/10009010169

The measurement of macroeconomic price level changes

Auer, Ludwig von - 2009

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