In Germany, package holidays are an important driver of consumer prices. Several challenges arise when measuring the price development of these bundled travel and accommodation services, such as the quality of accommodation and the timing of booking. Statistical practices are currently based on...

Various fields of economic analysis (e.g., growth and productivity) and economic policy (e.g., monetary and social policy) rely on accurate measures of price change. Unfortunately, the price index formulae that most price statisticians consider as particularly accurate - the superlative indices...

Over the last three decades the supply of economic statistics has vastly improved. Unfortunately, statistics on regional price levels (sub-national purchasing power parities) have been exempt from this positive trend, even though they are indispensable for meaningful spatial comparisons of...

Our paper uses micro price data collected from Germany’s Consumer Price Index to compile a highly disaggregated regional price index for the 402 counties and cities of Germany. We introduce a multi-stage version of the weighted Country-Product- Dummy method. The unique quality of our price...

Over the last three decades the supply of economic statistics has vastly improved. Unfortunately, statistics on regional price levels (sub-national purchasing power parities) have been exempt from this positive trend, even though they are indispensable for meaningful spatial comparisons of...

In Germany, package holidays, which consist of a bundle of flight and accommodation services, are an important driver of consumer prices. Several challenges arise when measuring the price development of package holidays, for example the quality of accommodation, the timing of the booking, the...

We propose a functional principal components method that accounts for stratified random sample weighting and time dependence in the observations to understand the evolution of distributions of monthly micro-level consumer prices for the United Kingdom (UK). We apply the method to publicly...

We study a duopoly model where each firm chooses personalized prices for its targeted consumers, who can be active or passive in identity management. Active consumers can bypass price discrimination and have access to the price offered to non-targeted consumers, which passive consumers cannot....

The introduction of smartphones marked a transitional phase in the evolution of pricing for mobile communications service markets. Wireless operators migrated to supplying data centric tariffs which have characteristics that are different from the old, which makes it ever more difficult for...

The Hamilton method for estimating CPI bias is simple, intuitive, and has been widely adopted. We show that the method confiates CPI bias with variation in cost-of-living across income levels. Assuming a single price index across the income distribution is inconsistent with the downward sloping...

This paper proposes an estimation of an augmented Tornqvist price-index - featuring demand shifters - which is exact for homothetic translog preferences. Contrary to previous work based on a constant elasticity of substitution across varieties, this demand system allows for changes in markups...

This paper is an addendum to a previous paper by Diewert and Fox (2017) which addressed two problems: (i) how to measure aggregate real output and inflation for a group of countries and (ii) how to construct measures of real GDP for a group of countries where the country measures of real GDP are...

Bei der Berechnung von Preisindizes müssen nicht nur die Preise, sondern auch die Merkmale der Güter verglichen werden. Bei Immobilien ist ein besonders hoher Anteil am beobachteten Preisunterschied zwischen den Objekten auf ihre unterschiedlichen Beschaffenheiten zurückzuführen. Immobilien...

Mit dem Schweizerischen Wohnimmobilienpreisindex (IMPI) schliesst das Bundesamt für Statistik (BFS) eine Lücke in der öffentlichen Preisstatistik. Der Immobilienbereich ist ein sehr wichtiger Wirtschaftssektor, der eng mit der Konjunktur zusammenhängt. Als neuer Konjunkturindikator dient der...

This paper investigates the development of house prices in Copenhagen in the period 1994-2013, while paying special attention to the heterogeneous impact of the boom and bust periods along the dimensions of housing type (single vs multifamily housing), geography and quality. To allow for price...

This study presents the detailed method of the MNB's house price index and the results of the new price indices. The index family is considered to be a novelty among Hungarian housing market statistics in several regards. Firstly, the national index was derived from a database starting in 1990,...