standard of living, then what price index should the account be indexed to? This paper constructs a dynamic price index (DPI …) that answers this question. Unlike the existing theory on price indices (which is static and certain), the DPI measures the … to define this price index and study its theoretical properties. The DPI: is homogeneous of degree 1 with respect to all …

number theory are reviewed and the "best" index number formula from each perspective is determined. Section 6 looks at the …The Harmonized Index of Consumer Prices (HICP) is the single most important indicator of inflation used by the European … Central Bank. Sections 2 to 4 of the paper look at the theory of inflation indexes that could be used as target indexes of …

approaches. The new approach leads to an Owner Occupied Housing Opportunity Cost (OOHOC) index that is a weighted average of the …

of price index compilers. First of all, researchers and analysts are moving their attention from aggregate price dynamics …

We construct a T¨ornqvist daily price index using Japanese point of sale (POS) scanner data spanning from 1988 to 2013 … chained T¨ornqvist index, a strong chain drift arises so that the chained price index falls to 10-10 of the base value over …

changes in the Consumer Price Index (CPI). How can we interpret this micro and macro information consistently? Motivated by …

are many more parameters than observations. Index number theory has solved this problem, at least when demand is … demand is not homothetic, i.e. when not all expenditure elasticities are equal to one. In principle, economic theory tells us … how we should calculate a true cost-of-living index or Konüs price index: first estimate the consumer's expenditure …