Price and Quantity Index Numbers

Price and Quantity Index Numbers
Author: Bert M. Balk
Publisher: Cambridge University Press
Total Pages: 301
Release: 2012-07-19
Genre: Business & Economics
ISBN: 1107404967

This book is the first comprehensive text on index number theory since Irving Fisher's 1922 The Making of Index Numbers. The book covers intertemporal and interspatial comparisons; ratio- and difference-type measures; discrete and continuous time environments; and upper- and lower-level indices. Guided by economic insights, this book develops the instrumental or axiomatic approach.

Price Index Concepts and Measurement

Price Index Concepts and Measurement
Author: W. Erwin Diewert
Publisher: University of Chicago Press
Total Pages: 531
Release: 2010-02-15
Genre: Business & Economics
ISBN: 0226148572

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.

A Practical Introduction to Index Numbers

A Practical Introduction to Index Numbers
Author: Jeff Ralph
Publisher: John Wiley & Sons
Total Pages: 233
Release: 2015-08-17
Genre: Mathematics
ISBN: 1118977815

This book provides an introduction to index numbers for statisticians, economists and numerate members of the public. It covers the essential basics, mixing theoretical aspects with practical techniques to give a balanced and accessible introduction to the subject. The concepts are illustrated by exploring the construction and use of the Consumer Prices Index which is arguably the most important of all official statistics in the UK. The book also considers current issues and developments in the field including the use of large-scale price transaction data. A Practical Introduction to Index Numbers will be the ideal accompaniment for students taking the index number components of the Royal Statistical Society Ordinary and Higher Certificate exams; it provides suggested routes through the book for students, and sets of exercises with solutions.

Consumer Price Index Manual

Consumer Price Index Manual
Author: International Labour Office
Publisher: International Labour Organization
Total Pages: 578
Release: 2004-08-25
Genre: Business & Economics
ISBN: 9789221136996

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.

The Making of Tests for Index Numbers

The Making of Tests for Index Numbers
Author: Arthur Vogt
Publisher: Springer Science & Business Media
Total Pages: 242
Release: 1997-04-14
Genre: Business & Economics
ISBN: 9783790810110

Arthur Vogt has devoted a great deal of his scientific efforts to both person and work of Irving Fisher. This book, written with Jànos Barta, gives an excellent impression of Fisher's great contributions to the theory of the price index on the one hand. On the other hand, it continues Fisher's work on this subject along the lines which several authors drew with respect to price index theory since Fisher's death fifty years ago. "This is a highly instructive book on both the history and theory of measurement in economics. It is rather a rich source of interesting properties of more or less well known indices and famous men, especially Irving Fisher, than a precise mathematical text on the axiomatic foundations of indices." (From the Foreword by Wolfgang Eichhorn)

Export and Import Price Index Manual: Theory and Practice

Export and Import Price Index Manual: Theory and Practice
Author: OECD
Publisher: OECD Publishing
Total Pages: 705
Release: 2010-04-06
Genre:
ISBN: 9264085416

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 ...

The Theory of the Cost-of-Living Index

The Theory of the Cost-of-Living Index
Author: Robert A. Pollak
Publisher: Oxford University Press
Total Pages: 218
Release: 1989-09-14
Genre: Business & Economics
ISBN: 0195363221

Providing a valuable resource for government economists, academics, and research libraries, this volume contains twelve papers by Robert Pollak--four previously unpublished--that explore the theory of the cost of living index. In addition to Pollak's classic paper, "The Theory of the Cost of Living Index," the volume includes papers on subindexes, the intertemporal cost of living index, welfare comparisons and equivalence scales, the social cost of living index, the treatment of "quality," and consumer durables in the cost of living index.

Essays on the Theory and Practice of Index Numbers

Essays on the Theory and Practice of Index Numbers
Author: Kam Yu
Publisher: VDM Verlag
Total Pages: 201
Release: 2010-03
Genre: Econometrics
ISBN: 3639212371

Economic measurement has over the years become an important subject in academic and policy researches. Debates in the development of macroeconomic theory and public policy rely on accurate feedback of aggregate data. This book fills the gap between the theory and practice in index numbers. It reviews and explores several important topics which lead to improvement in measuring price and output indices. These include econometric problems in hedonic regression, treatment of seasonal goods in the CPI, output and productivity measurement of government services, efficiency analysis of the health care sector, and a novel approach in calculating the cost-of-living indices for products involving risk and uncertainty. The book serves as a valuable references for academic economists, policy analysts, and economic statisticians.