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Why Elementary Price Index Number Formulas Differ : Price Dispersion and Product Heterogeneity

Silver, Mick S. - 2006

The Consumer Price Index Manual (2004) provides guidelines for aggregation formulas that are promulgated at IMF … training courses and technical assistance missions. This paper develops elementary level aggregation theory to better inform … users and compilers. Most countries use either the Dutot or Jevons index formula. These formulas generally give different …

Persistent link: https://www.econbiz.de/10014402245

An Index Number Formula Problem : The Aggregation of Broadly Comparable items

Silver, Mick S. - 2009

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

COVID-19 and the CPI : is inflation underestimated?

Reinsdorf, Marshall B. - 2020

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

Methodologies of Price Indices in Transition Countries

Zieschang, Kimberly D. - 1995

price measurement and index compilation for the countries that have emerged from the former Soviet Union. These are …

Persistent link: https://www.econbiz.de/10014395908

Commodity Prices As a Leading Indicator of Inflation

International Monetary Fund - 1988

significantly improves the fit of regressions of a multi-country consumer price index. However, there does not appear to be a …

Persistent link: https://www.econbiz.de/10014396014

A Framework for Price Statistics

Zieschang, Kimberly D. - 2000

statistics—the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI …

Persistent link: https://www.econbiz.de/10014399800

The Macroeconomic Determinants of Commodity Prices

Borensztein, Eduardo - 1994

The “traditional structural approach” to the determination of real commodity prices has relied exclusively on demand factors as the fundamentals that explain the behavior of commodity prices. This framework, however, has been unable to explain the marked and sustained weakness in commodity...

Persistent link: https://www.econbiz.de/10014396109

Commodity Prices : Cyclical Weakness or Secular Decline?

Wickham, Peter - 1994

Primary commodities still account for the bulk of exports in many developing countries. However, real commodity prices have been declining almost continuously since the early 1980s and there is evidence of renewed weakness. The appropriate policy response to a terms of trade shock depends...

Persistent link: https://www.econbiz.de/10014396445

How Commodity Price Curves and Inventories React to a Short-Run Scarcity Shock

Erbil, Nese - 2010

How does a commodity market adjust to a temporary scarcity shock which causes a shift in the slope of the futures price curve? We find long-run relationships between spot and futures prices, inventories and interest rates, which means that such shocks lead to an adjustment back towards a stable...

Persistent link: https://www.econbiz.de/10014397573

Real Exchange Rates and Commodity Prices

Dupont, Dominique Yves - 1996

This paper examines the relations between fluctuations in real exchange rates among the major currencies and fluctuations in real commodity prices. Increased exchange rate volatility calls for a better understanding of these relations. To the best of our knowledge, no systematic study of those...

Persistent link: https://www.econbiz.de/10014398636