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A general theory of price and quantity aggregation and welfare measurement

Hillinger, Claude - 2002

The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates … topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common … maximization assumption. Two different derivations are given, one in continuous time, using Divisia integrals, and one employing …

Persistent link: https://www.econbiz.de/10011514055

New characteristics and hedonic price index numbers

Crawford, Ian; Neary, J. Peter - 2019

index numbers and demand for characteristics to develop a new method for incorporating changes on the extensive …

Persistent link: https://www.econbiz.de/10011977187

Modeling fluctuations in the global demand for commodities

Kilian, Lutz; Zhou, Xiaoqing - 2017

It is widely understood that the real price of globally traded commodities is determined by the forces of demand and supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with unexpected fluctuations in global real economic...

Persistent link: https://www.econbiz.de/10011754229

Micro-geographic property price and rent indices

Ahlfeldt, Gabriel M.; Heblich, Stephan; Seidel, Tobias - 2021

We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial …

Persistent link: https://www.econbiz.de/10012597680

Lost in translation : what do Engel curves tell us about the cost of living?

Almås, Ingvild; Beatty, Timothy K.M.; Crossley, Thomas F. - 2018

confiates CPI bias with variation in cost-of-living across income levels. Assuming a single price index across the income …

Persistent link: https://www.econbiz.de/10011794248

Macroeconomic effects of disruptions in global food commodity markets : evidence for the United States

De Winne, Jasmien; Peersman, Gert - 2016

, we embed a novel quarterly composite global production index for the four basic staples (corn, wheat, rice and soybeans … turn out to be a multiple of the maximum impact implied by the share of food commodities in the consumer price index and …

Persistent link: https://www.econbiz.de/10011565633

Macro news and commodity returns

Caporale, Guglielmo Maria; Spagnolo, Fabio; Spagnolo, Nicola - 2015

This paper adopts a VAR-GARCH approach to model the dynamic linkages between both the mean and the variance of macro news and commodity returns (Gold, Corn, Wheat, Soybeans, Silver, Platinum, Palladium, Copper, Aluminium and Crude Oil) over the period 01/01/2001-26/09/2014. The chosen...

Persistent link: https://www.econbiz.de/10011346863

The interplay between oil and food commodity prices : has it changed over time?

Peersman, Gert; Rüth, Sebastian; Van der Veken, Wouter - 2019

Using time-varying BVARs, we find that oil price increases caused by oil supply shocks did not affect food commodity prices before the start of the millennium, but had positive spillover effects in more recent periods. Likewise, shortfalls in global food commodity supply - resulting from bad...

Persistent link: https://www.econbiz.de/10012064355

Commodity price effects on currencies

Cheung, Yin-Wong; Wang, Wenhao - 2022

Using quarterly data on four commodity exporting countries, we study the explanatory power of real commodity prices for predicting real effective exchange rates, with special attention to the separate roles of different sectoral commodity prices during alternative time periods. We find that the...

Persistent link: https://www.econbiz.de/10013383435

International food commodity prices and missing (dis)inflation in the euro area

Peersman, Gert - 2018

This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics using a structural VAR model that is identified with an external instrument (i.e. a series of global harvest shocks). The results reveal that exogenous food commodity price...

Persistent link: https://www.econbiz.de/10011931321