Price Index Concepts And Measurement
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Author |
: W. Erwin Diewert |
Publisher |
: University of Chicago Press |
Total Pages |
: 531 |
Release |
: 2010-02-15 |
ISBN-10 |
: 9780226148571 |
ISBN-13 |
: 0226148572 |
Rating |
: 4/5 (71 Downloads) |
Synopsis Price Index Concepts and Measurement by : W. Erwin Diewert
Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.
Author |
: National Research Council |
Publisher |
: National Academies Press |
Total Pages |
: 349 |
Release |
: 2002-03-25 |
ISBN-10 |
: 9780309074421 |
ISBN-13 |
: 0309074428 |
Rating |
: 4/5 (21 Downloads) |
Synopsis At What Price? by : National Research Council
How well does the consumer price index (CPI) reflect the changes that people actually face in living costsâ€"from apples to computers to health care? Given how it is used, is it desirable to construct the CPI as a cost-of-living index (COLI)? With what level of accuracy is it possible to construct a single index that represents changes in the living costs of the nation's diverse population? At What Price? examines the foundations for consumer price indexes, comparing the conceptual and practical strengths, weaknesses, and limitations of traditional "fixed basket" and COLI approaches. The book delves into a range of complex issues, from how to deal with the changing quality of goods and services, including difficult-to-define medical services, to how to weight the expenditure patterns of different consumers. It sorts through the key attributes and underlying assumptions that define each index type in order to answer the question: Should a COLI framework be used in constructing the U.S. CPI? In answering this question, the book makes recommendations as to how the Bureau of Labor Statistics can continue to improve the accuracy and relevance of the CPI. With conclusions that could affect the amount of your next pay raise, At What Price? is important to everyone, and a must-read for policy makers, researchers, and employers.
Author |
: International Labour Office |
Publisher |
: International Labour Organization |
Total Pages |
: 578 |
Release |
: 2004-08-25 |
ISBN-10 |
: 922113699X |
ISBN-13 |
: 9789221136996 |
Rating |
: 4/5 (9X Downloads) |
Synopsis Consumer Price Index Manual by : International Labour Office
The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic performance, as well as in the setting of monetary and socio-economic policy such as indexation of wages and social security benefits, purchasing power parities and inflation measures. This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved. Topics covered include: expenditure weights, sampling, price collection, quality adjustment, sampling, price indices calculations, errors and bias, organisation and management, dissemination, index number theory, durables and user costs.
Author |
: Brian Graf |
Publisher |
: INTERNATIONAL MONETARY FUND |
Total Pages |
: 509 |
Release |
: 2020-11-19 |
ISBN-10 |
: 1484354842 |
ISBN-13 |
: 9781484354841 |
Rating |
: 4/5 (42 Downloads) |
Synopsis Consumer Price Index Manual, 2020 by : Brian Graf
The Consumer Price Index Manual: Concepts and Methods contains comprehensive information and explanations on compiling a consumer price index (CPI). The Manual provides an overview of the methods and practices national statistical offices (NSOs) should consider when making decisions on how to deal with the various problems in the compilation of a CPI. The chapters cover many topics. They elaborate on the different practices currently in use, propose alternatives whenever possible, and discuss the advantages and disadvantages of each alternative. The primary purpose of the Manual is to assist countries in producing CPIs that reflect internationally recommended methods and practices.
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 698 |
Release |
: 2004-09-03 |
ISBN-10 |
: 158906304X |
ISBN-13 |
: 9781589063044 |
Rating |
: 4/5 (4X Downloads) |
Synopsis Producer Price Index Manual by : International Monetary Fund
The producer price index (PPI) measures the rate at which the prices of producer goods and services are changing overtime. It is a key statistic for economic and business decision making and inflation monitoring. The Producer Price Index Manual: Theory and Practice provides clear, up-to-date guidance on the concepts, uses, methods, and economic theory of the PPI, including information on classifications, sources, compilation techniques, and analytical uses of the PPI. The Manual supersedes the previous international guidance on PPIs (available in the Manual on Producers’ Price Indices for Industrial Goods, published by the United Nations Statistics Division in 1979). The Manual's conceptual framework derives from the System of National Accounts1993 and recent developments in index number theory. Preparation of the Manual was undertaken by the Intersecretariat Working Group on Price Statistics through a technical expert group chaired by the IMF and involving representatives from the ILO, the OECD, the UN Economic Commission for Europe, the World Bank, national statistical offices, and academic institutions.
Author |
: United States. Bureau of Labor Statistics |
Publisher |
: |
Total Pages |
: 44 |
Release |
: 1978 |
ISBN-10 |
: UCBK:C029995792 |
ISBN-13 |
: |
Rating |
: 4/5 (92 Downloads) |
Synopsis The Consumer Price Index by : United States. Bureau of Labor Statistics
Author |
: David M. Cutler |
Publisher |
: |
Total Pages |
: 630 |
Release |
: 2001 |
ISBN-10 |
: UVA:X004545788 |
ISBN-13 |
: |
Rating |
: 4/5 (88 Downloads) |
Synopsis Medical Care Output and Productivity by : David M. Cutler
With the United States and other developed nations spending as much as 14 percent of their GDP on medical care, economists and policy analysts are asking what these countries are getting in return. Yet it remains frustrating and difficult to measure the productivity of the medical care service industries. This volume takes aim at that problem, while taking stock of where we are in our attempts to solve it.
Author |
: S. N. Afriat |
Publisher |
: Psychology Press |
Total Pages |
: 464 |
Release |
: 2005 |
ISBN-10 |
: 0415323371 |
ISBN-13 |
: 9780415323376 |
Rating |
: 4/5 (71 Downloads) |
Synopsis The Price Index and Its Extension by : S. N. Afriat
The unique and ingenious S.N. Afriat is back and writing on the subject of the Price Index. This book is totally unique and shall be of great interest to economists and statisticians everywhere.
Author |
: DIANE Publishing Company |
Publisher |
: DIANE Publishing |
Total Pages |
: 88 |
Release |
: 2004-08-30 |
ISBN-10 |
: 0788136038 |
ISBN-13 |
: 9780788136030 |
Rating |
: 4/5 (38 Downloads) |
Synopsis Consumer Price Index by : DIANE Publishing Company
The Consumer Price Index (CPI) is the measure of price changes that was used in FY 1995 to adjust for inflation $441 billion in Fed. spending and $595 billion of Fed. tax receipts. This document reports on the opinions of experts to: determine if a change made in the early 1980s to the housing component in the CPI made it either more or less suitable for use as a cost-of-living measurements; and identify the advantages and disadvantages of changing the current measurement of medical care costs to an approach that more closely matches a cost-of-living measure.
Author |
: United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index |
Publisher |
: |
Total Pages |
: 212 |
Release |
: 1996 |
ISBN-10 |
: UOM:39015041731095 |
ISBN-13 |
: |
Rating |
: 4/5 (95 Downloads) |
Synopsis Toward a More Accurate Measure of the Cost of Living by : United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index