Theory of the Price Index : Fisher’s Test Approach and Generalizations

1. Introduction -- 2. Price Indices Depending only on Prices -- 2.1 Definition, Examples, Implications -- 2.2 Characterizations of Price Indices -- 3. Price Indices Depending on Prices and Quantities -- 3.1 Definition, Examples -- 3.2 Fisher’s System of Tests -- 3.3 Implications and Characterizations -- 3.4 Independence and Inconsistency of Fisher’s Tests -- 3.5 General Solution of the Inconsistency Problem -- 4. Price Levels, Price Indices, and Fisher’s Equation of Exchange -- 4.1 Definition, Examples, Implications -- 4.2 Characterizations of Price Levels -- 4.3 Fisher’s Equation of Exchange Reconsidered -- 5. Bibliography -- 6. Index.