Intercountry Differences in the Relationship between Relative Price Variability and Average Prices
Mick Silver, Christos Ioannidis
This paper provides new evidence on the relationship between relative price variability and inflation. The model uses a consistently defined data set for nine European countries. It benefits from the...
Some Proposed Methodological Developments for the UK Retail Prices Index
The Retail Prices Index (RPI) is one of the UK’s most important macroeconomic indicators, as well as being used for indexation/adjustments for inflation to wages and benefits. This paper...
Do Unit Value Export, Import, and Terms of Trade Indices Represent or Misrepresent Price Indices?
Unit value export and import indices compiled from returns to customs authorities are often used as surrogates for price indices in the measurement of inflation transmission, terms of trade...
The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes
Statistical offices try to match item models when measuring inflation between two periods. For product areas with a high turnover of differentiated models, however, the use of hedonic indexes is more...
Hedonic Imputation versus Time Dummy Hedonic Indexes (with a commentary by Jan de Haan)
Diewert, Erwin, Saeed , Heravi, Silver, Mick
Statistical offices try to match item models when measuring inflation between two periods. However, for product areas with a high turnover of differentiated models, the use of hedonic indexes is more...
Why Elementary Price Index Number Formulas Differ: Price Dispersion and Product Heterogeneity
The Consumer Price Index Manual (2004) provides guidelines for aggregation formulas that are promulgated at IMF training courses and technical assistance missions. This paper develops elementary...
Hedonic Imputation versus Time Dummy Hedonic Indexes
Mick Silver, Saeed Heravi, W. E. Diewert
Statistical offices try to match item models when measuring inflation between two periods. However, for product areas with a high turnover of differentiated models, the use of hedonic indexes is more...
Estimating exact hedonic indexes: An application to UK television sets
Christos Ioannidis, Mick Silver
hedonic, quality-adjusted prices, consumer price indices, television sets, C21, C43, D12, L63,
Hedonic regressions: an application to VCRs using scanner data
This study provides results for an hedonic regression for VCRs in the UK using relatively exhaustive scanner (bar-code) data. Specific issues addressed are sample selectivity bias, given a...
This paper is concerned with the econometric modelling of prices of similar goods of different vintages coexisting in a market. Updated models of branded consumer durables are often launched...
Potential productivity: Concepts and application
This paper is concerned with the meaning and measurement of potential productivity. Potential productivity is the difference between the actual and most efficient (optimal) productivity level. A...
An Index Number Formula Problem: The Aggregation of Broadly Comparable Items
Index number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to...
Do Unit Value Export, Import, and Terms-of-Trade Indices Misrepresent Price Indices?
Unit value export and import indices compiled from returns to customs authorities are often used as surrogates for price indices in the analysis of inflation transmission, terms of trade (effects),...