Similar Search Results

Quality Adjustment at Scale : Hedonic vs. Exact Demand-Based Price Indices

Ehrlich, Gabriel; Haltiwanger, John C.; Jarmin, Ronald S.; … - National Bureau of Economic Research - 2023

This paper explores alternative methods for adjusting price indices for quality change at scale. These methods can be applied to large-scale item-level transactions data that includes information on prices, quantities, and item attributes. The hedonic methods can take into account the changing...

Persistent link: https://www.econbiz.de/10014322697

Monetary Policy Rules and Oil Price Shocks

Kamps, Christophe; Pierdzioch, Christian - 2005

This paper studies the relative performance of alternative monetary policy rules in the presence of oil price shocks in a small open economy optimizing model. Our analysis shows that it is important to distinguish between alternative price indices (CPI, core CPI, and GDP deflator) when modeling...

Persistent link: https://www.econbiz.de/10014064009

Alterative Measures of Inflation

Karabalis, Nikos; Kondelis, E. - 2022

Inflation is usually measured using the Consumer Price Index (CPI) which is published by the National Statistical Service of Greece. Due to the fact, however, that the CPI is strongly influenced by various exogenous factors or by factors that are centrally administered, it is not always possible...

Persistent link: https://www.econbiz.de/10014080601

Evaluating Inflation Pass-Through from Disaggregated US Producer Price Indices

Williams, Corey - 2022

US inflation has reached its highest level in decades with academics and the media alike citing supply chain distortions and shortages in key commodities as the driving factors. While some work has been done evaluating the pass-through (PT) of producer to consumer prices, evidence in the...

Persistent link: https://www.econbiz.de/10014081034

Turnover and price in the housing market : causation, association or independence?

Hallberg, Daniel; Johansson, Per-Olov - 2002

We give general conditions for the data generating process to facilitate the testing of structural dependence of turnover on the average (or median) price in the homogenous housing market. Furthermore, the implications of aggregation over sub-markets is studied. A plausible explanation of the...

Persistent link: https://www.econbiz.de/10011589349

Biases in consumer elasticities based on micro and aggregate data : an integrated framework and empirical evaluation

Denton, Frank T.; Mountain, Dean C. - 2015

Policy analysis frequently requires estimates of aggregate (or mean) consumer elasticities. However, estimates are often made incorrectly, based on elasticity calculations at mean income. We provide in this paper an overall integrated analytical framework that encompasses these biases and...

Persistent link: https://www.econbiz.de/10010498377

Centrality bias in inter-city trade

Mori, Tomoya; Wrona, Jens - 2023

inter-city trade data, we identify a substantial centrality bias: Shipments from central places to their hinterland are 50 …%-125% larger than predicted by gravity forces. This upward bias stems from aggregating across industries, which are hierarchically … centrality bias along the margins of our data, we find that the by far largest part of this aggregation bias can be attributed to …

Persistent link: https://www.econbiz.de/10014285470

Potenziale und Grenzen eines nutzenbasierten ökonomischen Leitbildes für die amtliche Inflationsmessung

Auer, Ludwig von - In: Journal of Economics and Statistics (Jahrbuecher fuer … 225 (2005) 3, pp. 283-302

offizielle Inflation deshalb auf Basis eines statistischen Preisindex (SP) berechnet werden. Bei der Suche nach geeigneten SPs …

Persistent link: https://www.econbiz.de/10005837638

Incorporating Geospatial Data in House Price Indexes: A Hedonic Imputation Approach with Splines

Hill, Robert J.; Scholz, Michael - Institut für Volkswirtschaftslehre, Social- und … - 2014

quite narrowly defined – we nevertheless find evidence of a slight bias in the postcode based indexes. This can be …

Persistent link: https://www.econbiz.de/10010760328

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