An Index Number Formula Problem : : The Aggregation of Broadly Comparable items / / Mick Silver

• Autore: Silver Mick
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Descrizione fisica: 1 online resource (22 p.)
• Soggetto topico: Index numbers (Economics); Economic indicators; Macroeconomics; Index Numbers and Aggregation; leading indicators; Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Price Level; Inflation; Deflation; Production, Pricing, and Market Structure; Size Distribution of Firms; Information and Product Quality; Standardization and Compatibility; Price indexes; Export price indexes
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Contents; 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 ; 3. Quality Adjusted Unit Value and Fisher Price IndicesReferences
• Sommario/riassunto: 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 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.
• Titolo autorizzato: An Index Number Formula Problem
• ISBN: 1-4623-7697-5; 1-4527-1779-6; 1-282-84241-2; 9786612842412; 1-4518-7166-X
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788349703321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/019