Price Index Concepts And Measurement

Author : W. Erwin Diewert,John Greenlees,Charles R. Hulten
Publisher : University of Chicago Press
Page : 531 pages
File Size : 49,8 Mb
Release : 2010-02-15
Category : Business & Economics
ISBN : 9780226148571

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Price Index Concepts and Measurement by W. Erwin Diewert,John Greenlees,Charles R. Hulten Pdf

Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.

Author : National Research Council,Division of Behavioral and Social Sciences and Education,Committee on National Statistics,Panel on Conceptual, Measurement, and Other Statistical Issues in Developing Cost-of-Living Indexes
Publisher : National Academies Press
Page : 349 pages
File Size : 48,8 Mb
Release : 2002-03-25
Category : Political Science
ISBN : 9780309074421

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At What Price? by National Research Council,Division of Behavioral and Social Sciences and Education,Committee on National Statistics,Panel on Conceptual, Measurement, and Other Statistical Issues in Developing Cost-of-Living Indexes Pdf

How well does the consumer price index (CPI) reflect the changes that people actually face in living costsâ€"from apples to computers to health care? Given how it is used, is it desirable to construct the CPI as a cost-of-living index (COLI)? With what level of accuracy is it possible to construct a single index that represents changes in the living costs of the nation's diverse population? At What Price? examines the foundations for consumer price indexes, comparing the conceptual and practical strengths, weaknesses, and limitations of traditional "fixed basket" and COLI approaches. The book delves into a range of complex issues, from how to deal with the changing quality of goods and services, including difficult-to-define medical services, to how to weight the expenditure patterns of different consumers. It sorts through the key attributes and underlying assumptions that define each index type in order to answer the question: Should a COLI framework be used in constructing the U.S. CPI? In answering this question, the book makes recommendations as to how the Bureau of Labor Statistics can continue to improve the accuracy and relevance of the CPI. With conclusions that could affect the amount of your next pay raise, At What Price? is important to everyone, and a must-read for policy makers, researchers, and employers.

Author : Brian Graf
Publisher : INTERNATIONAL MONETARY FUND
Page : 509 pages
File Size : 55,8 Mb
Release : 2020-11-19
Category : Business & Economics
ISBN : 1484354842

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Consumer Price Index Manual, 2020 by Brian Graf Pdf

The Consumer Price Index Manual: Concepts and Methods contains comprehensive information and explanations on compiling a consumer price index (CPI). The Manual provides an overview of the methods and practices national statistical offices (NSOs) should consider when making decisions on how to deal with the various problems in the compilation of a CPI. The chapters cover many topics. They elaborate on the different practices currently in use, propose alternatives whenever possible, and discuss the advantages and disadvantages of each alternative. The primary purpose of the Manual is to assist countries in producing CPIs that reflect internationally recommended methods and practices.

Author : International Labour Office
Publisher : International Labour Organization
Page : 578 pages
File Size : 43,5 Mb
Release : 2004-08-25
Category : Business & Economics
ISBN : 922113699X

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Consumer Price Index Manual by International Labour Office Pdf

The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic performance, as well as in the setting of monetary and socio-economic policy such as indexation of wages and social security benefits, purchasing power parities and inflation measures. This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved. Topics covered include: expenditure weights, sampling, price collection, quality adjustment, sampling, price indices calculations, errors and bias, organisation and management, dissemination, index number theory, durables and user costs.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 698 pages
File Size : 44,8 Mb
Release : 2004-09-03
Category : Business & Economics
ISBN : 158906304X

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Producer Price Index Manual by International Monetary Fund Pdf

The producer price index (PPI) measures the rate at which the prices of producer goods and services are changing overtime. It is a key statistic for economic and business decision making and inflation monitoring. The Producer Price Index Manual: Theory and Practice provides clear, up-to-date guidance on the concepts, uses, methods, and economic theory of the PPI, including information on classifications, sources, compilation techniques, and analytical uses of the PPI. The Manual supersedes the previous international guidance on PPIs (available in the Manual on Producers’ Price Indices for Industrial Goods, published by the United Nations Statistics Division in 1979). The Manual's conceptual framework derives from the System of National Accounts1993 and recent developments in index number theory. Preparation of the Manual was undertaken by the Intersecretariat Working Group on Price Statistics through a technical expert group chaired by the IMF and involving representatives from the ILO, the OECD, the UN Economic Commission for Europe, the World Bank, national statistical offices, and academic institutions.

Author : Dan Usher
Publisher : University of Chicago Press
Page : 570 pages
File Size : 51,7 Mb
Release : 2008-04-15
Category : Study Aids
ISBN : 9780226843025

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The Measurement of Capital by Dan Usher Pdf

How is real capital measured by government statistical agencies? How could this measure be improved to correspond more closely to an economist's ideal measure of capital in economic analysis and prediction? It is possible to construct a single, reliable time series for all capital goods, regardless of differences in vintage, technological complexity, and rates of depreciation? These questions represent the common themes of this collection of papers, originally presented at a 1976 meeting of the Conference on Income and Wealth.

Author : S. N. Afriat
Publisher : Psychology Press
Page : 464 pages
File Size : 49,5 Mb
Release : 2005
Category : Business & Economics
ISBN : 0415323371

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The Price Index and Its Extension by S. N. Afriat Pdf

The unique and ingenious S.N. Afriat is back and writing on the subject of the Price Index. This book is totally unique and shall be of great interest to economists and statisticians everywhere.

Author : Statistical Office of the European Communities,International Labour Office,International Monetary Fund,Organization for Economic Co-operation and Development,United Nations,World Bank
Publisher : International Monetary Fund
Page : 186 pages
File Size : 41,9 Mb
Release : 2013-08-13
Category : Business & Economics
ISBN : 9781475588316

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Handbook on Residential Property Prices (RPPIs) by Statistical Office of the European Communities,International Labour Office,International Monetary Fund,Organization for Economic Co-operation and Development,United Nations,World Bank Pdf

For most citizens, buying a residential property (dwelling) is the most important transaction during their lifetime. Residential properties represent the most significant component of households’ expenses and, at the same time, their most valuable assets. The Residential Property Prices Indices (RPPIs) are index numbers measuring the rate at which the prices of residential properties are changing over time. RPPIs are key statistics not only for citizens and households across the world, but also for economic and monetary policy makers. Among their professional uses, they serve, for example, to monitor macroeconomic imbalances and risk exposure of the financial sector. This Handbook provides, for the first time, comprehensive guidelines for the compilation of RPPIs and explains in depth the methods and best practices used to calculate an RPPI. It also examines the underlying economic and statistical concepts and defines the principles guiding the methodological and practical choices for the compilation of the indices. The Handbook primarily addresses official statisticians in charge of producing residential property price indices; at the same time, it addresses the overall requirement on RPPIs by providing a harmonised methodological and practical framework to all parties interested in the compilation of such indices. The RPPIs Handbook has been written by leading academics in index number theory and by recognised experts in RPPIs compilation. Its development has been coordinated by Eurostat, the statistical office of the European Union, with the collaboration of the International Labour Organization (ILO), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations Economic Commission for Europe (UNECE) and the World Bank.

Author : DIANE Publishing Company
Publisher : DIANE Publishing
Page : 88 pages
File Size : 44,7 Mb
Release : 2004-08-30
Category : Law
ISBN : 0788136038

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Consumer Price Index by DIANE Publishing Company Pdf

The Consumer Price Index (CPI) is the measure of price changes that was used in FY 1995 to adjust for inflation $441 billion in Fed. spending and $595 billion of Fed. tax receipts. This document reports on the opinions of experts to: determine if a change made in the early 1980s to the housing component in the CPI made it either more or less suitable for use as a cost-of-living measurements; and identify the advantages and disadvantages of changing the current measurement of medical care costs to an approach that more closely matches a cost-of-living measure.

Author : John Astin
Publisher : Springer Nature
Page : 271 pages
File Size : 40,8 Mb
Release : 2021-06-25
Category : Business & Economics
ISBN : 9783030688066

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Measuring EU Inflation by John Astin Pdf

The HICP is a consumer price index which was designed to provide measures of inflation in EU member states calculated using similar methods and thus comparable one with another. The HICP now tracks the inflation rates covering over 500 million Europeans, including the UK, and is also produced by other countries such as the USA. John Astin was the EU statistician in charge of the initial development of this important index and he has the best knowledge of how it was developed in the 1990s. This book is a history of the main development period of the HICP, up to the year 2002 when Astin left the European Commission. It will be of interest to a wide range of readers, not only in the UK but globally. Types of readers are likely to include: economists, economic statisticians, national statistics offices, universities, libraries, government finance/economic ministries, international organizations such as UN, ILO, OECD, EU, Eurostat, ECB, and central banks, as well as individuals who are interested in the construction of consumer price indices. This book begins by explaining the background to the HICP project, both from an economic and a political viewpoint, and describes the specific needs for harmonized price indices resulting from the Maastricht treaty of 1992. It analyses the process of establishing the necessary procedures for taking this urgent work forward and gives details of the technical issues involved, and the critical issue of drafting legal acts which would be necessary to ensure full compliance with the new rules. It includes analysis of products, price collection issues, quality adjustment, timing, and a host of other issues, and discusses the arguments which had to be resolved, as well as some human aspects of the process too. It also looks at the funding aspects, the recruitment of specialist consultants, the legal processes and the organization of meetings, both in Luxembourg and in other countries.

Author : United States. Bureau of Labor Statistics
Publisher : Unknown
Page : 44 pages
File Size : 51,6 Mb
Release : 1978
Category : Consumer price indexes
ISBN : UCBK:C029995792

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The Consumer Price Index by United States. Bureau of Labor Statistics Pdf

Author : Peter J. N. Sinclair
Publisher : Routledge
Page : 402 pages
File Size : 42,9 Mb
Release : 2009-12-16
Category : Business & Economics
ISBN : 9781135179779

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Inflation Expectations by Peter J. N. Sinclair Pdf

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.

Author : United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index
Publisher : Unknown
Page : 212 pages
File Size : 54,7 Mb
Release : 1996
Category : Consumer price indexes
ISBN : UOM:39015041731095

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Toward a More Accurate Measure of the Cost of Living by United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index Pdf

Author : Bert M. Balk
Publisher : Springer Nature
Page : 328 pages
File Size : 54,7 Mb
Release : 2021-07-22
Category : Business & Economics
ISBN : 9783030754488

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Productivity by Bert M. Balk Pdf

This book develops the theory of productivity measurement using the empirical index number approach. The theory uses multiplicative indices and additive indicators as measurement tools, instead of relying on the usual neo-classical assumptions, such as the existence of a production function characterized by constant returns to scale, optimizing behavior of the economic agents, and perfect foresight. The theory can be applied to all the common levels of aggregation (micro, meso, and macro), and half of the book is devoted to accounting for the links existing between the various levels. Basic insights from National Accounts are thereby used. The final chapter is devoted to the decomposition of productivity change into the contributions of efficiency change, technological change, scale effects, and input or output mix effects. Applications on real-life data demonstrate the empirical feasibility of the theory. The book is directed to a variety of overlapping audiences: statisticians involved in measuring productivity change; economists interested in growth accounting; researchers relating macro-economic productivity change to its industrial sources; enterprise micro-data researchers; and business analysts interested in performance measurement.

Author : The World Bank,OECD,International Labour Office,International Monetary Fund,The United Nations Economic Commission for Europe,Statistical Office of the European Communities, Luxembourg
Publisher : OECD Publishing
Page : 658 pages
File Size : 40,9 Mb
Release : 2009-11-30
Category : Electronic
ISBN : 9789221136996

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Consumer Price Index Manual Theory and Practice by The World Bank,OECD,International Labour Office,International Monetary Fund,The United Nations Economic Commission for Europe,Statistical Office of the European Communities, Luxembourg Pdf

This comprehensive manual provides guidelines for statistical offices and other agencies responsible for constructing CPIs and explains in-depth the methods that are used to calculate a CPI.