Showing 1 - 10 of 691
In response to the COVID-19 pandemic two new timely poverty measures have been developed to monitor fast …-changing economic conditions for the most deprived. The Han et al. near real-time poverty measure uses responses to a global income … poverty measure, widely cited in the media, uses data from the Annual Social and Economic Supplement to the CPS and other …
Persistent link: https://www.econbiz.de/10014078194
We show that online prices can be used to construct quarterly purchasing power parities (PPPs) with a closely-matched set of goods and identical methodologies in a variety of developed and developing countries. Our results are close to those reported by the International Comparisons Program...
Persistent link: https://www.econbiz.de/10012919006
aggregation strategies and actual prices paid by consumers. We demonstrate that our methodology improves inflation measurement …
Persistent link: https://www.econbiz.de/10013039762
basket of goods. It is well-known that this approach suffers from problems and creates several biases in the measurement of …
Persistent link: https://www.econbiz.de/10013224213
.S. PCE Deflator methodology is superior to the Japanese CPI methodology but still exhibits substantial measurement error and …
Persistent link: https://www.econbiz.de/10013074909
A number of economic studies have used a proxy for world real economic activity derived from shipping costs. This measure turns out to depend on a normalization that has substantive consequences of which users of the index had been unaware prior to this paper. This paper further evaluates this...
Persistent link: https://www.econbiz.de/10013233754
In this paper we derive a new measure of openness—trade potential index—that quantifies potential gains from trade as a simple function of data. Using a standard multicountry trade model, we measure openness by a country's potential welfare gain from moving to a world with frictionless...
Persistent link: https://www.econbiz.de/10012994894
We develop a new index of economic policy uncertainty (EPU) based on newspaper coverage frequency. Several types of evidence – including human readings of 12,000 newspaper articles – indicate that our index proxies for movements in policy-related economic uncertainty. Our US index spikes...
Persistent link: https://www.econbiz.de/10013003270
As inflation approaches zero, it becomes increasingly important to examine the price indices on which monetary policy is based. The most popularly used aggregate price statistic in the U.S. is the Consumer Price Index (CPI), a statistic that appears to be a focal point in monetary policy...
Persistent link: https://www.econbiz.de/10013231580
methodology which can either augment or build additional indices. In addition to addressing potential issues of the HDI, we …
Persistent link: https://www.econbiz.de/10012945152