Accurate, real-time measurements of price index changes using electronic records are essential for tracking inflation and productivity in today's economic environment. We develop empirical hedonic models that can process large amounts of unstructured product data (text, images, prices,...

The consumer price index (CPI) plays a critical role in measuring inflation. Recent inflation trends, however, have raised questions about its accuracy. This paper evaluates several of these critiques, including that the CPI fails to keep up with rapid changes in consumer expenditure patterns;...

This textbook offers a comprehensive yet concise introduction to the theory behind price indices, covering the basics, historical background, necessary mathematical foundations, and contemporary cutting-edge theories. For those looking to study price indices, the most commonly used resources...

This Staff Memo presents an indicator used for monitoring and forecasting inflation at Norges Bank. The indicator is designed to capture international price impulses that impact the input costs of domestic firms. Our analysis indicates that the marked increase in the cost of imported...

The FDZ Ruhr at RWI provides price indices for apartments and houses (rentals and sales) in Germany starting in 2008. The price indices are based on the real estate dataset RWI-GEO-RED, which combines real estate listings from ImmoScout24. We perform three types of hedonic regressions to allow...

The FDZ Ruhr provides a dataset on real estate advertisements in Germany from 2007 onwards. The data are based on information from the internet platform ImmobilienScout24 and covers both apartments and houses for sale and for rent. The data are available for scientific research only. The...

A chained price index is said to suffer from chain drift bias if it indicates an overall price change, even though the prices and quantities in the current period have reverted back to their levels of the base period. The empirical relevance of this bias is well documented in studies that apply...

This study addresses a significant gap in the existing literature by conducting a comprehensive systematic review of the art market over the past 50 years, utilizing big data analysis and bibliometric methods. Through descriptive statistical analysis, we gained insights into research trends,...

The FDZ Ruhr provides a dataset on real estate advertisements in Germany from 2007 onwards. The data are based on information from the internet platform ImmobilienScout24 and covers both apartments and houses for sale and for rent. The data are available for scientific research only. The...

The FDZ Ruhr provides two campus files on real estate advertisements in Germany: the Panel Campus File (RWI-GEO-RED Panel) and a Cross-Sectional Campus File (RWI-GEO-RED Cross-Section). The datasets are extractions of the Scientific Use Files of RWI-GEO-RED. The Panel File covers the 15 largest...

The FDZ Ruhr at RWI provides price indices for apartments and houses (rentals and sales) in Germany starting in 2008. The price indices are based on the real estate dataset RWI-GEO-RED, which combines real estate listings from ImmoScout24. We perform three types of hedonic regressions to allow...

The FDZ Ruhr at RWI offers price indices for apartments and houses (rentals and sales) in Germany, commencing in 2008. The price indices are derived from the RWI-GEO-RED real estate dataset, which integrates real estate listings from ImmoScout24. Three types of hedonic regressions are performed...

Accurate, real-time measurements of price index changes using electronic records are essential for tracking inflation and productivity in today's economic environment. We develop empirical hedonic models that can process large amounts of unstructured product data (text, images, prices,...

The COVID-19 pandemic has caused a substantial increase in house price growth and its seasonal amplitude. This change has presented challenges to traditional seasonal adjustment methods, such as the U.S. Census Bureau's X-12 method. This study tests for residual seasonality in three major...

Background Inflation is the industrious and non-stop ascent in the overall prices of any given commodity in an economy. During the global food crisis, Ethiopia experienced an unprecedented increase in inflation ranked the highest in Africa. It is among the most macroeconomic variable described...

In Turkey, the housing market is affected by various factors, and housing prices are shaped according to current conditions. In this study, the relationship between the housing price index (HPI) and economic variables (inflation and exchange rate) in Turkey was investigated. We used a 10-year...

This paper explores the variation pattern of nickel futures prices using the daily closing levels of the nickel futures price index of the London Futures Exchange and the Shanghai Futures Exchange. The data coarse-graining method is employed to transform the continuous time series data of price...