Download or read book Intercountry Differences in the Relationship Between Relative Price Variability and Average Prices written by Mick Silver and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 inclusion and testing of the effects of macroeconomic variables and the incorporation into the measures of inflation and dispersion adjustments for timeliness, appropriate formulas, and proximity. The general findings of an effect on relative price variability by the macroeconomic environment and negative coefficients on unexpected inflation are supported by their occurrence in models estimated by seemingly unrelated regression and generalized least squares as well as a robust systems estimator.
Download or read book Economics of Relative Prices written by Bela Csikos-Nagy and published by Springer. This book was released on 2016-01-15 with total page 559 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation Uncertainty and Relative Price Variability in WAEMU Countries written by Carlos Fernandez Valdovinos and published by International Monetary Fund. This book was released on 2011-03-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a consistent dataset and methodology for all eight member countries of the West African Economic and Monetary Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation: inflation uncertainty and relative price variability. In line with theory and most evidence for advanced and emerging market economies, higher inflation increases inflation uncertainty and relative price variability in all WAEMU countries. However, the pattern, magnitude and timing of these two channels vary considerably by country. The findings raise several policy issues for future research.
Download or read book Relative Prices and Economic Adjustment in the U S and the EU written by Mr.Tamim Bayoumi and published by International Monetary Fund. This book was released on 1994-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural vector autoregressions are used to analyze the relationship between real output and relative prices within the EU and the United States, Relative price variability appears to be more important for adjustment within the EU than the United States, reflecting the lower integration of goods and factor markets. In the absence of higher market integration, the lower relative price variability implied by the introduction of a single currency in the EU could well cause significant economic disruption.
Download or read book Relative Price Convergence in Russia written by Ms.Paula De Masi and published by International Monetary Fund. This book was released on 1995-06-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following price and exchange rate liberalization, domestic consumer prices in Russia moved closer to market levels. This paper quantifies the magnitude of the associated relative price changes. It also shows that relative price variability has been positively correlated with inflation. It is further established that convergence toward international relative and absolute price levels is far from complete, and that geographical price dispersion within Russia has declined since early 1992 but remains fairly high.
Download or read book Perspectives on Integration and Globalisation written by Helena Marques and published by LIT Verlag Münster. This book was released on 2008 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Problems of integration and globalisation and the implications of such processes on individual countries have been on the spotlight of the economic debate among economists and politicians over the last decade. Both developed and developing countries are involved in the processes of trade and capital liberalisation, with the extent of gain or loss depending on their ability to explore the newly arising opportunities and to adapt their economies to the new international environment. This volume analyses some of these challenges brought by the movements towards a higher regional integration and higher international interdependency.
Download or read book Ibss Economics 2001 written by Compiled by the British Library of Political and Economic Science and published by Psychology Press. This book was released on 2002-12 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt: IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
Download or read book Export and Import Price Index Manual Theory and Practice written by OECD and published by OECD Publishing. This book was released on 2010-04-06 with total page 705 pages. Available in PDF, EPUB and Kindle. Book excerpt: A joint production by six international organizations, this manual explores the conceptual and theoretical issues that national statistical offices should consider in the daily compilation of export and import price indices. Intended for use by both ...
Download or read book Inter temporal and Inter spatial Comparisons of Income written by Sultan Ahmad and published by . This book was released on 1993 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economics for the Modern Built Environment written by Les Ruddock and published by Routledge. This book was released on 2008-10-10 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent decades have seen a major social and economic changes across the developed world and consequent changes in the construction and property industries. The discipline of construction economics needs to respond to this. For instance, the importance of sustainable development has become recognised, as has the need to increasingly master the mediu
Download or read book The Economics of Relative Prices written by Béla Csikós Nagy and published by Palgrave Macmillan. This book was released on 1984-01-01 with total page 551 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Producer Price Index Manual written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-09-03 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book An Index Number Formula Problem written by Mick Silver and published by International Monetary Fund. This book was released on 2009-01-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Post Laspeyres written by Mr.Paul A. Armknecht and published by International Monetary Fund. This book was released on 2012-04-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer price indexes (CPIs) are compiled at the higher (weighted) level using Laspeyres-type arithmetic averages. This paper questions the suitability of such formulas and considers two counterpart alternatives that use geometric averaging, the Geometric Young and the (price-updated) Geometric Lowe. The paper provides a formal decomposition and understanding of the differences between the two. Empirical results are provided using United States CPI data. The findings lead to an advocacy of variants of a hybrid formula suggested by Lent and Dorfman (2009) that substantially reduces bias from Laspeyres-type indexes.
Download or read book Southern Economic Journal written by and published by . This book was released on 2009 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How to Better Measure Hedonic Residential Property Price Indexes written by Mick Silver and published by International Monetary Fund. This book was released on 2016-11-16 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hedonic regressions are used for property price index measurement to control for changes in the quality-mix of properties transacted. The paper consolidates the hedonic time dummy approach, characteristics approach, and imputation approaches. A practical hedonic methodology is proposed that (i) is weighted at a basic level; (ii) has a new (quasi-) superlative form and thus mitigates substitution bias; (iii) is suitable for sparse data in thin markets; and (iv) only requires the periodic estimation of hedonic regressions for reference periods and is not subject to the vagrancies of misspecification and estimation issues.
Download or read book Inflation written by Robert E. Hall and published by University of Chicago Press. This book was released on 2009-05-15 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents the latest thoughts of a brilliant group of young economists on one of the most persistent economic problems facing the United States and the world, inflation. Rather than attempting an encyclopedic effort or offering specific policy recommendations, the contributors have emphasized the diagnosis of problems and the description of events that economists most thoroughly understand. Reflecting a dozen diverse views—many of which challenge established orthodoxy—they illuminate the economic and political processes involved in this important issue.
