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This paper explores the extent to which goods follow systematic pricing patterns over their life cycle. The theoretical literature, and anecdotal evidence, often suggests that new products are often introduced at high prices which decline as the good ages while, older goods exit the market at a...
Persistent link: https://www.econbiz.de/10005037733
4 years. The difference between the core CPI and the index for energy is similar to that between the core CPI and … headline CPI. The index for energy will reach the core CPI in 2008, however. Then, one should not expect further increase in … between the core CPI and the index for food also has two linear branches after 1980, but the slope of the current trend is …
Persistent link: https://www.econbiz.de/10005619744
Economist have noted for decades that Consumer Price Index (CPI) in the developed countries is overstating inflation by … indices, a 11-23% positive bias in price index for PC in Russia was also calculated. We also have found that Russian CPI could …
Persistent link: https://www.econbiz.de/10005621652
period of two or three decades. We show that the exchange rate cointegrate with the Consumer Price Index and with the prices …
Persistent link: https://www.econbiz.de/10005619301
Economists have been noting for decades that Consumer Price Index (CPI) in the developed countries is overstating …−44% upward bias in price index for PC in Russia was also calculated. We have found that the Russian CPI could be upward biased by …
Persistent link: https://www.econbiz.de/10005789601
Headline CPI, core CPI, and indices for various small expenditure categories were analyzed. Sustainable long-term linear trends have been found in the difference between the headline CPI and these indices. Overall, the results completely support our previous findings for such principal...
Persistent link: https://www.econbiz.de/10005836772
The unit value index (UVI) as compiled in Germany for exports and imports is compared with two other indices, viz. an … index of Drobisch which unfortunately is likewise known as "unit value index" and the "normal" Laspeyres price index (PI) of … exports and imports. The UVI may be viewed as a Paasche index compiled in two stages where unit values instead of prices are …
Persistent link: https://www.econbiz.de/10008615008
inputs price index. We test for these different mechanisms by distinguishing the origin of imports (developing vs. developed … countries) and constructing an exact price index a la Broda and Weinstein (2006). We find a significant impact of higher …
Persistent link: https://www.econbiz.de/10008765630
The repercussions of the recent financial crisis were felt over different parts of the world causing much calamity to different markets, economies and investors. The capital markets, in particular, took a severe hit during the crisis plummeting to all-time lows. However, before the crisis, the...
Persistent link: https://www.econbiz.de/10011110062
In this paper, we propose to identify the dependence structure existing between the returns of equity and commodity futures and its evolution through the past 20 years. The key point is that we do not do not impose the dependence structure but let the data select it. To do so, we model the...
Persistent link: https://www.econbiz.de/10011110415