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Small-change Computations of Price and Quantity Indices

Horridge, Mark - Centre of Policy Studies and Impact Project (COPS), … - 2003

This document compares several methods of computing price and quantity indices, with special reference to the small-change computations used by GEMPACK. Accompanying worked examples, using Excel and GEMPACK, can be downloaded from the <a href= "../archivep.htm">CoPS archive</a>.

Persistent link: https://www.econbiz.de/10005031651

Space-Time (In)Consistency in the National Accounts: Causes and Cures

Oulton, Nicholas - Centre for Economic Performance, LSE - 2015

consumer's utility function (or the revenue (GDP) function) is homothetic and if Divisia price indices are used to deflate … instead of continuous Divisia indices; or (c) errors in domestic price indices and PPPs. I develop indicators of the size of … non-homotheticity and chain index approximation error using detailed, unpublished data from the 2005 ICP. I conclude that …

Persistent link: https://www.econbiz.de/10011271360

Chain indices of the cost of living and the path-dependence problem: an empirical solution

Oulton, Nicholas - London School of Economics (LSE) - 2007

-dependent: the level of a Divisia index is affected not just by the level of prices at the two endpoints but also by the path between … the endpoints. It is also well-known that a Divisia index of the cost of living is path-independent if and only if all … of living. Chain indices are discrete approximations to Divisia indices and it is well known that the latter are path …

Persistent link: https://www.econbiz.de/10011071070

Chain Indices of the Cost of Living and the Path-Dependence Problem: An Empirical Solution

Oulton, Nicholas - Centre for Economic Performance, LSE - 2007

Persistent link: https://www.econbiz.de/10005151015

The n-dimensional Bailey–Divisia measure as a general-equilibrium measure of the welfare costs of inflation

Cysne, Rubens Penha - In: Economics Letters 113 (2011) 2, pp. 99-102

This paper shows that in economies with several monies the Bailey–Divisia multidimensional consumers’ surplus formula …

Persistent link: https://www.econbiz.de/10010576436

Ein hedonischer Immobilienpreisindex auf Basis von Internetdaten: 2007–2011

Bauer, Thomas; Feuerschütte, Sven; Kiefer, Michael; … - In: AStA Wirtschafts- und Sozialstatistisches Archiv 7 (2013) 1, pp. 5-30

The “Great Recession” has painfully demonstrated the impact of real estate prices on real economic activity. Hence, close examination of real estate price changes is important for business cycle analysis and economic policy. However, most real estate price indices for Germany either exhibit...

Persistent link: https://www.econbiz.de/10011151255

Energiemangel - Rohstoffknappheit: Welche mittelfristigen Perspektiven hat die deutsche Wirtschaft?

Wuermeling, Joachim; Bernotat, Wulf H.; Grillo, Ulrich; … - In: Ifo Schnelldienst 60 (2007) 05, pp. 03-19

Steigende Energiekosten und Rohstoffpreise, Unsicherheit hinsichtlich der Verlässlichkeit der Energielieferungen und Verknappung auf den Rohstoffmärkten - Joachim Wuermeling, Bundesministerium für Wirtschaft und Technologie, sieht die Notwendigkeit einer neue Rohstoffstrategie für...

Persistent link: https://www.econbiz.de/10005055768

Reconsideration of Weighting and Updating Procedures in the US CPI

Greenlees, John S.; Williams, Elliot - Bureau of Labor Statistics, Department of Labor - 2009

Production capital and technology (i.e., total factor productivity) in U.S. manufacturing are fundamental for understanding output and productivity growth of the U.S. economy but are unobserved at this level of aggregation and must be estimated before being used in empirical analysis....

Persistent link: https://www.econbiz.de/10008603125

Purchasing Power Parities and Real Expenditures

Asian Development Bank; Asian Development Bank (ADB) - 2014

This report presents the results of purchasing power parities (PPPs) in the 2011 International Comparison Program in Asia and the Pacific and background information on the concepts that underpin the results. The PPPs are disaggregated by major economic aggregates that enable robust cross-country...

Persistent link: https://www.econbiz.de/10011165187

Testing the Prebisch–Singer hypothesis since 1650: Evidence from panel techniques that allow for multiple breaks

Arezki, Rabah; Hadri, Kaddour; Loungani, Prakash; Rao, Yao - In: Journal of International Money and Finance 42 (2014) C, pp. 208-223

In this paper, we re-examine two important aspects of the dynamics of relative primary commodity prices, namely the secular trend and the short run volatility. To do so, we employ 25 series, some of them starting as far back as 1650 and powerful panel data stationarity tests that allow for...

Persistent link: https://www.econbiz.de/10010743973