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COVID-19 changed consumers' spending patterns, making the CPI weights suddenly obsolete. In most regions, adjusting the CPI weights to account for the changes in spending patterns increases the estimate of inflation over the early months of the pandemic. Under-weighting of rising food prices and...
Persistent link: https://www.econbiz.de/10012392420
Index number theory informs us that if data on matched prices and quantities are available, a superlative index number … formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give … as to why such formulas differ and proposes a solution to this index number problem …
Persistent link: https://www.econbiz.de/10014404313
Transaction-price residential (house) and commercial property price indexes (RPPIs and CPPIs) have inherent problems of sparse data on heterogeneous properties, more so CPPIs. In an attempt to control for heterogeneity, (repeat-sales and hedonic) panel data regression frameworks are typically...
Persistent link: https://www.econbiz.de/10014411213
This paper proposes a new quality of growth index (QGI) for developing countries. The index encompasses both the …
Persistent link: https://www.econbiz.de/10014411509
Consumer price indexes (CPIs) are compiled at the higher (weighted) level using Laspeyres-type arithmetic averages. This paper questions the suitability of such formulas and considers two counterpart alternatives that use geometric averaging, the Geometric Young and the (price-updated) Geometric...
Persistent link: https://www.econbiz.de/10014396620
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failures. The approach is intended to be simple, parsimonious, and used in real time. It generates an index that we call the … banking sector contingent liability index (BCLI), based on the banking sector's size, concentration, diversification, leverage …, and riskiness of assets. The index is illustrated for 32 advanced and emerging market economies from 2006 to 2013, as well …
Persistent link: https://www.econbiz.de/10011446332
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informative metric called the Economic Performance Index (EPI). The EPI represents a step toward clarity, by combining data on … simple by its construction, we show that its dynamics are similar to those of the Chicago Fed National Activity Index (CFNAI …) and The Conference Board Coincident Economic Index® (CEI) …
Persistent link: https://www.econbiz.de/10012667483