Dynamic Cost of Living Index for Storable Goods

Consumers hold inventory for future uses. This study investigates how such intertemporal decisions influence the cost-of-living index (COLI). To this end, I construct a simple dynamic model, in which goods are storable and nonresalable, and prices take either high (regular price) or low values (sales). I then introduce two types of dynamic COLIs. Simulation results show that neither index satisfies both monotonicity and the time reversal test

MoreLess

Year of publication:	2019
Authors:	Ueda, Kozo
Publisher:	[2019]: [S.l.] : SSRN
Subject:	Verbraucherpreisindex \| Consumer price index \| Theorie \| Theory \| Index \| Index number

Extent:	1 Online-Ressource (16 p)
Series:	CAMA Working Paper ; No. 88/2019
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 10, 2019 erstellt
Other identifiers:	10.2139/ssrn.3501932 [DOI]
Classification:	C43 - Index Numbers and Aggregation ; d15 ; E31 - Price Level; Inflation; Deflation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012857924