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The Path-Dependence Bias in Approximating Local Price Levels by CPIs
Gluschenko, Konstantin - 2016
Lacking data on price levels across locations, economists are forced to proxy them. One method is to extrapolate the price levels known for locations in some point in time to another point by multiplying the initial price levels by the local CPIs. With the use of simulation experiments, this...
Persistent link: https://www.econbiz.de/10015250493
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The Analysis and the Measurement of Poverty: An Interval-Based Composite Indicator Approach
Drago, Carlo - 2021
The analysis and measurement of poverty is a crucial and unsolved issue in the field of social science. This work aims to measure poverty as a multidimensional notion using a new composite indicator. However, subjective choices as different weighting schemes on the indicator's construction could...
Persistent link: https://www.econbiz.de/10015252441
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Risk aggregation, dependence structure and diversification benefit
Bürgi, Roland; Dacorogna, Michel M; Iles, Roger - 2008
Insurance and reinsurance live and die from the diversification benefits or lack of it in their risk portfolio. The new solvency regulations allow companies to include them in their computation of risk-based capital (RBC). The question is how to really evaluate those benefits. To compute the...
Persistent link: https://www.econbiz.de/10015212211
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Эконометрические оценки гедонических индексов цен на персональные компьютеры в России: пример рынка г. Екатеринбурга
Parkhomenko, Alexander; Redkina, Anastasia - 2006
0,5-2,0% per year. A significant part of such a bias is found to be caused by the presence of technology products and … differentiated products in CPI. An increasing weight of these products in the Russian CPI may also lead to a substantial upward bias …. Nowadays hedonic indices are believed to be the most efficient way to reduce the bias. Following Triplett we have developed the …
Persistent link: https://www.econbiz.de/10015216763
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Life Cycle Pricing and the Measurement of Inflation
Melser, Daniel; Syed, Iqbal - 2007
bias introduced by the traditional match-model method may be non-trivial. …
Persistent link: https://www.econbiz.de/10015217833
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Measuring Core Inflation in Indonesia: An Asymmetric Trimmed-Mean Approach
Kacaribu, Febrio - 2002
Given the highly kurtotic and positively skewed characteristics of cross-sectional distribution of price, asymmetric trimmed-mean is the best approach in extracting the statistical medium-term trend of inflation. This paper uses asymmetric trimmed-mean approach to measure core inflation in...
Persistent link: https://www.econbiz.de/10015219155
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Has core inflation been doing a good job in Brazil?
Da Silva Filho, Tito Nícias Teixeira; Figueiredo, … - 2009
This paper assesses the performance of the core inflation measures calculated by the Brazilian Central Bank (BCB). The evidence shows that they do not meet some key statistical criteria that a good core inflation should have: unbiasedness and the ability to forecast inflation. That performance...
Persistent link: https://www.econbiz.de/10015222022
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Estimating hedonic price indexes for personal computers in russia: Case of Yekaterinburg
Parkhomenko, Alexander; Redkina, Anastasia; Maslivets, Olga - 2007
inflation by 0,5−2,0% per year. A significant part of the bias is due to the presence of technology products and differentiated … products in the CPI basket. An increase share of these products in the Russian CPI may also lead to a substantial upward bias …. Nowadays hedonic indices are believed to be the most efficient way to reduce this bias. They can be used in two ways: to …
Persistent link: https://www.econbiz.de/10015227236
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Measuring Standard Error of Inflation in Pakistan: A Stochastic Approach
Iqbal, Javed; Hanif, Muhammad Nadim - 2010
Stochastic approach to index number (and its change) has recently attracted renewed attention of researchers as it provides the standard error of index number (and its change). One of the most important uses of index number is in the case of measurement of the general price level in an economy...
Persistent link: https://www.econbiz.de/10015229775
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Estimating standard error of inflation in Pakistan: A stochastic approach
Iqbal, Javed; Hanif, Muhammad Nadim - 2010
Stochastic approach to index number (and its change) has recently attracted renewed attention of researchers as it provides the standard error of index number (and its change). One of the most important uses of index number is in the case of measurement of the general price level in an economy...
Persistent link: https://www.econbiz.de/10015230216