Narrow search
Showing 1 - 10 of 131
Cover Image
Quantifying bias and inaccuracy of upper-level aggregation in HICPs for Germany and the euro area
Herzberg, Julika; Knetsch, Thomas A.; Schwind, Patrick; … - 2021
Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … the euro area HICP. The measurement of the German HICP is impaired by the extrapolation of expenditure weights, and the … likely to be relevant for the euro area HICP as well but cannot be quantified due to data constraints. Compilers might …
Persistent link: https://www.econbiz.de/10012490464
Cover Image
Quantifying bias and inaccuracy of upper-level aggregation in HICPs for Germany and the euro area
Herzberg, Julika; Knetsch, Thomas A.; Schwind, Patrick; … - 2021
Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … the euro area HICP. The measurement of the German HICP is impaired by the extrapolation of expenditure weights, and the … likely to be relevant for the euro area HICP as well but cannot be quantified due to data constraints. Compilers might …
Persistent link: https://www.econbiz.de/10012489562
Cover Image
Quantifying bias and inaccuracy of upper-level aggregation in the Harmonised Index of Consumer Prices for Germany and the euro area
Herzberg, Julika; Knetsch, Thomas A.; Schwind, Patrick; … - In: Review of income and wealth 69 (2023) 3, pp. 581-605
Persistent link: https://www.econbiz.de/10014365317
Cover Image
The impact of weight shifts on inflation: Evidence for the euro area HICP
Knetsch, Thomas A.; Schwind, Patrick; Weinand, Sebastian - 2022
change of the Harmonised Index of Consumer Prices (HICP), into the aggregate price change, keeping weights constant at the … previous year's level, and a weighting component. We discuss this decomposition against the backdrop of the HICP concept … HICP inflation of these countries. The empirical evidence shows a close relationship between weighting and quantity effects …
Persistent link: https://www.econbiz.de/10013284390
Cover Image
The impact of weight shifts on inflation : evidence for the euro area HICP
Knetsch, Thomas A.; Schwind, Patrick; Weinand, Sebastian - 2022
change of the Harmonised Index of Consumer Prices (HICP), into the aggregate price change, keeping weights constant at the … previous year’s level, and a weighting component. We discuss this decomposition against the backdrop of the HICP concept … HICP inflation of these countries. The empirical evidence shows a close relationship between weighting and quantity effects …
Persistent link: https://www.econbiz.de/10013275335
Cover Image
The Life-cycle Benefits of an Influential Early Childhood Program
García, Jorge Luis; Heckman, James J.; Leaf, Duncan Ermini - 2016
This paper estimates the long-term benefits from an influential early childhood program targeting disadvantaged families. The program was evaluated by random assignment and followed participants through their mid-30s. It has substantial beneficial impacts on health, children's future labor...
Persistent link: https://www.econbiz.de/10011653184
Cover Image
Gender Differences in the Benefits of an Influential Early Childhood Program
García, Jorge Luis; Heckman, James J.; Ziff, Anna - 2017
This paper estimates gender differences in life-cycle impacts across multiple domains of an influential enriched early childhood program targeted toward disadvantaged children that was evaluated by the method of random assignment. We assess the impacts of the program on promoting or alleviating...
Persistent link: https://www.econbiz.de/10011653486
Cover Image
Retrospective Price Indices and Substitution Bias
Diewert, Walter Erwin; Huwiler, Marco; Kohli, Ulrich - In: Swiss Journal of Economics and Statistics 145 (2009) 2, pp. 127-135
The consumer price index (CPI) is usually computed as a fixed-weighted Laspeyres price index, with the weights updated at discrete intervals only. It is well known that the Laspeyres functional form entails a substitution bias. One way to reduce it would be to use chained indices, and...
Persistent link: https://www.econbiz.de/10011933194
Cover Image
The substitution bias of the consumer price index
Frenger, Petter - 2006
The paper uses elementary consumer theory to propose an inflation independent ratio definition of the substitution bias of the Laspeyres consumer price index, and derives an approximate substitution bias which depends on the size of the price change as measured by a norm in the Laspeyres plane...
Persistent link: https://www.econbiz.de/10011968221
Cover Image
Retrospective Computations of Price Index Numbers: Theory and Application
von Auer, Ludwig; Shumskikh, Alena - In: Review of Income and Wealth 70 (2022) 1, pp. 60-79
Due to outdated weighting information, a Laspeyres-based consumer price index (CPI) is prone to accumulating upward bias. Therefore, the present study introduces and examines simple and transparent revision approaches that retrospectively address the source of the bias. They provide a consistent...
Persistent link: https://www.econbiz.de/10014519602