Add to ORKGAbstract: Textbooks of macroeconomics regularly remind their readers that they should not interpret the macroeconomic price variable as some sort of average price. Instead it represents some price index indicating the average of the individual items’ price changes between the period considered and some base period. The present study develops the family of generalised unit value indices which, contrary to text-book recommendations, applies the notion of an average price. It relates the average price of the period considered to that of the base period. The study also provides an axiomatic comparison to the traditional price indices (e.g., Fisher index)
A deterministic view of price indices offers no measure of index reliability, a shortcoming that can...
This unit looks at a wide variety of ways of comparing prices and the construction of a price index....
The most important economic measures are monetary. They have many different names, are derived in di...
The purpose of this study is to analyze the development of the MSCI price index to determine the deg...
Macroeconomics is a separate discipline of the Economy that studies and analyzes the behaviour of ec...
Measurement of price level with consumer price indices forms some gap between measured inflation and...
Thesis (M.A.)--Boston UniversityThis paper has been devoted to an examination and comparison of the ...
Analyses of both the business and inflation cycles remain the dominant concerns in macroeconomics si...
Analyses of both the business and inflation cycles remain the dominant concerns in macroeconomics si...
This paper describes the primary framework associating the four principal price indices in the syste...
The most important economic measures are monetary. They have many different names, are derived in di...
The major economic policy issue of the 1980s is inflation. Although economists have been writing abo...
National Price Levels and the Prices of Tradables and Nontradables This paper examines changes in na...
Abstract-The price index, a pervasive long established institution for economics, is a number issued...
This unit looks at a wide variety of ways of comparing prices and the construction of a price index....
A deterministic view of price indices offers no measure of index reliability, a shortcoming that can...
This unit looks at a wide variety of ways of comparing prices and the construction of a price index....
The most important economic measures are monetary. They have many different names, are derived in di...
The purpose of this study is to analyze the development of the MSCI price index to determine the deg...
Macroeconomics is a separate discipline of the Economy that studies and analyzes the behaviour of ec...
Measurement of price level with consumer price indices forms some gap between measured inflation and...
Thesis (M.A.)--Boston UniversityThis paper has been devoted to an examination and comparison of the ...
Analyses of both the business and inflation cycles remain the dominant concerns in macroeconomics si...
Analyses of both the business and inflation cycles remain the dominant concerns in macroeconomics si...
This paper describes the primary framework associating the four principal price indices in the syste...
The most important economic measures are monetary. They have many different names, are derived in di...
The major economic policy issue of the 1980s is inflation. Although economists have been writing abo...
National Price Levels and the Prices of Tradables and Nontradables This paper examines changes in na...
Abstract-The price index, a pervasive long established institution for economics, is a number issued...
This unit looks at a wide variety of ways of comparing prices and the construction of a price index....
A deterministic view of price indices offers no measure of index reliability, a shortcoming that can...
This unit looks at a wide variety of ways of comparing prices and the construction of a price index....
The most important economic measures are monetary. They have many different names, are derived in di...