Improper quality adjustment has long been identified as a source of potential measurement bias in consumer price indices (CPIs). However, as no benchmark for quality adjustment exists, it has always been difficult to estimate a potential bias. For this paper, we develop a corridor in which...

Accurate measurement of rental inflation is essential for understanding housing market dynamics, informing policy, and ensuring reliable inflation statistics. This paper constructs a repeat rent index (RRI) using newly available administrative data from the Residential Tenancies Board (RTB),...

In recent decades, the international community has recognized the need to measure poverty more comprehensively, by incorporating various dimensions of well-being. More than half of Latin American countries have developed official multidimensional poverty indices, which are essential for...

This research aims to evaluate the effectiveness of monetary circulation in Cyprus by applying the Index of the Cycle of Money, derived from the Theory of the Cycle of Money. The analysis focuses exclusively on the Cypriot economy over the period of 2012-2017, a timeframe marked by severe...

Housing rents are one of the most important and difficult elements of spatial cost of living comparisons. Difficulties arise from the lack of sufficiently detailed and harmonized data, especially at the international level. The emergence of Airbnb has created a valuable new source of...

Der Produktionsindex für die Gesamtwirtschaft ist ein neuer zusammengesetzter Konjunkturindikator. Er kombiniert vier Konjunkturindizes, die den größten Teil der Gewerblichen Wirtschaft abdecken: die Produktionsindizes für die Industrie, das Baugewerbe, den Dienstleistungssektor sowie den...

Forecasting stock markets is challenging due to the influence of various internal and external factors compounded by the effects of globalization. This study introduces a data-driven approach to forecast S&P 500 returns by incorporating macroeconomic indicators including gold and oil prices, the...

As climate change intensifies, countries experience varying degrees of vulnerability and resilience that influence their capacity to withstand and recover from environmental, economic, and social shocks. This study introduces the Multidimensional Vulnerability and Lack of Resilience Index...

This article is an excerpted chapter from a research handbook on inflation in which we document measurement issues in the compilation of consumer price indexes. From defining the conceptual target to sampling, repricing, and aggregating the data, there are numerous issues that arise. In this...

The European Innovation Scoreboard (EIS) is a multidimensional monitoring framework providing a comparative assessment of the research and innovation performance of the EU27 as well as 12 neighbouring countries, their global partners, and the relative strengths and weaknesses of their research...

This study presents a comprehensive bibliometric and systematic literature review analysis of the literature on the Big Mac Index (BMI) to identify its foundational aspects and summarize key findings. The BMI, an informal measure of purchasing power parity, has garnered scholarly interest in...

This study aims to construct a sentiment index for predicting CPI in Vietnam. Adopting a lexicon-based approach, the study utilized two widely recognized sentiment dictionaries, specialized in financial and economic contexts, to build the sentiment index. Data was mined from nine official...

The Theory publication and the companion on the practice of compiling consumer price indices (CPIs) is jointly published by the member agencies of the Inter-Secretariat Working Group on Price Statistics (IWGPS): the Statistical Office of the European Union (Eurostat), the International Labour...

The Agricultural Sector Resilience Progress Indicator (I.9) is an innovative multidimensional composite indicator that evaluates the status and progress of various factors impacting agricultural resilience in EU27 countries, particularly in response to climate change. I.9 serves as a novel tool...

Wellbeing is a multidimensional concept that yields measurement challenges, such as how to aggregate different dimensions and which relative weights to give them. Composite indices are widely used to meas-ure different aspects of wellbeing. While they are relatively easy to understand and...

This study develops a multi-dimensional composite index to measure financial inclusion in Ethiopia, using a two-stage Principal Component Analysis based on ten traditional and five digital indicators from 2015 to 2023. The results reveal a significant increase in Ethiopia's financial inclusion...

This study examines two key challenges in services trade research: the reliability of trade data and the measurement of non-tariff barriers, particularly the Services Trade Restrictiveness Index (STRI). Using firm-level panel data from Türkiye with fixed effects, we show that international data...

We introduce a novel, non-parametric approach for estimating house price indices that capture heterogeneous price developments independently of strict functional form assumptions. Utilizing the potential outcomes framework, our approach employs causal forests to effectively address changes in...

We develop a statistical-methodological framework for a set of core commercial real estate market indicators, which consists of a market price index, a gross rent index, and a net rental yield index as well a vacancy rate. We argue that the indicators should be (macro-)consistent, meaning that...

To consider legal standards in empirical research designs, the qualitative information of the law needs to be transferred in a numerical variable. The challenge in creating such a variable consists in finding the right balance between high information density and transparency while keeping the...

The aim of this review was to present research work on the development of the Malmquist index (MI) in various aspects based on the Data Envelopment Analysis (DEA) method. The MI is one of the three methods of dynamic analysis and also the main one, as it is the most commonly used to measure...

This paper aims to reassess multidimensional poverty measurement including the ease of doing business as an additional indicator with the existing measurements for 81 countries by human development, and identify how multidimensional poverty has changed during a very short period from 2014 to...

This paper introduces the Trade Policy Activity (TPA) Index, a novel indicator measuring evolving global trade policy dynamics since the Global Financial Crisis. Using a Dynamic Factor Model on comprehensive trade policy data covering 197 countries and territories, we document a structural shift...