1.

Record Nr.

UNINA9910821246803321

Autore

Heravi Saeed

Titolo

The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes / / Saeed Heravi, Mick Silver

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

1-4623-6090-4

1-4527-2592-6

1-283-07108-8

9786613823304

1-4519-8820-6

Edizione

[1st ed.]

Descrizione fisica

1 online resource (20 p.)

Collana

IMF Working Papers

Altri autori (Persone)

SilverMick

Soggetti

Inflation (Finance)

Price indexes

Investments: Metals

Finance: General

Macroeconomics

Price Level

Inflation

Deflation

Metals and Metal Products

Cement

Glass

Ceramics

General Financial Markets: General (includes Measurement and Data)

Investment & securities

Finance

Consumer price indexes

Silver

Commodity markets

Commodity exchanges

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia



Note generali

"July 2006".

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. HEDONIC INDEXES""; ""III. WHY HEDONIC IMPUTATION AND DUMMY TIME HEDONIC INDEXES DIFFER""; ""IV. CHOICE BETWEEN HEDONIC INDEXES AND DUMMY TIME HEDONIC INDEXES""; ""V. CONCLUSIONS""; ""References""

Sommario/riassunto

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 appropriate since they include the prices and quantities of unmatched new and old models. The two main approaches to hedonic indexes are hedonic imputation (HI) indexes and dummy time hedonic (DTH) indexes. This study provides a formal analysis of the difference between the two approaches for alternative implementations of the Törnqvist "superlative" index. It shows why the results may differ and discusses the issue of choice between these approaches.