Measurement of Inflation: Another Stochastic Approach

In this paper, we present an alternative approach to inflation and inflation measurement based on Menger’s theory of inner exchange value of money and on the stochastic approach to index numbers. We briefly describe the characteristics of the sample cross-section distribution of price changes. We propose a measure of inflation based on Törnqvist price index adjusted by the (a)symmetric trimmed means.

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Year of publication:	2003-06-19
Authors:	Andrle, Michal
Institutions:	EconWPA
Subject:	inflation stochastic index number Tornqvist

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Extent:	application/pdf
Series:	Macroeconomics.
Type of publication:	Book / Working Paper
Notes:	Type of Document - Tex; prepared on IBM PC - PC-TEX; to print on HP; pages: 38; figures: included 38 pages
Classification:	E31 - Price Level; Inflation; Deflation ; C43 - Index Numbers and Aggregation
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005412567