LEADER 03919oam 22008774 450 001 9910788349703321 005 20230721045615.0 010 $a1-4623-7697-5 010 $a1-4527-1779-6 010 $a1-282-84241-2 010 $a9786612842412 010 $a1-4518-7166-X 035 $a(CKB)3170000000055174 035 $a(EBL)1608130 035 $a(SSID)ssj0000940047 035 $a(PQKBManifestationID)11553616 035 $a(PQKBTitleCode)TC0000940047 035 $a(PQKBWorkID)10948640 035 $a(PQKB)10905356 035 $a(OCoLC)465438790 035 $a(MiAaPQ)EBC1608130 035 $a(IMF)WPIEE2009019 035 $a(EXLCZ)993170000000055174 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 13$aAn Index Number Formula Problem : $eThe Aggregation of Broadly Comparable items /$fMick Silver 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (22 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1602-7 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. Superlative and Unit Value Indexes; A. Superlative Index Numbers; B. Unit Value Indexes; III. The Difference Between a Unit Value and a Fisher Index; Figures; 1. Depiction of Levels Effect; IV. What to do for Broadly Comparable Items; V. An Empirical Example Using Scanner Data; Tables; 1. Understanding the Differences Between Laspeyres, Paasche, and Fisher; 2. Unit Value and Price Indices for 14-inch TVs; 2. Understanding the Differences Between Unit Value Indexes and Laspeyres, Paasche, and Fisher Price Indexes; VI. Conclusions 327 $a3. Quality Adjusted Unit Value and Fisher Price IndicesReferences 330 3 $aIndex number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give very different results. Neglected is the practical case of broadly comparable items. This paper provides a formal analysis as to why such formulas differ and proposes a solution to this index number problem. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/019 606 $aIndex numbers (Economics) 606 $aEconomic indicators 606 $aMacroeconomics$2imf 606 $aIndex Numbers and Aggregation$2imf 606 $aleading indicators$2imf 606 $aMethodology for Collecting, Estimating, and Organizing Microeconomic Data$2imf 606 $aPrice Level$2imf 606 $aInflation$2imf 606 $aDeflation$2imf 606 $aProduction, Pricing, and Market Structure$2imf 606 $aSize Distribution of Firms$2imf 606 $aInformation and Product Quality$2imf 606 $aStandardization and Compatibility$2imf 606 $aPrice indexes$2imf 606 $aExport price indexes$2imf 615 0$aIndex numbers (Economics) 615 0$aEconomic indicators. 615 7$aMacroeconomics 615 7$aIndex Numbers and Aggregation 615 7$aleading indicators 615 7$aMethodology for Collecting, Estimating, and Organizing Microeconomic Data 615 7$aPrice Level 615 7$aInflation 615 7$aDeflation 615 7$aProduction, Pricing, and Market Structure 615 7$aSize Distribution of Firms 615 7$aInformation and Product Quality 615 7$aStandardization and Compatibility 615 7$aPrice indexes 615 7$aExport price indexes 700 $aSilver$b Mick$01449453 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788349703321 996 $aAn Index Number Formula Problem$93712976 997 $aUNINA