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Author : Robert James Gordon
Publisher :
ISBN 13 :
Total Pages : 635 pages
Book Rating : 4.:/5 (48 download)
Download or read book The Measurement of Durable Goods Prices written by Robert James Gordon and published by . This book was released on 1974 with total page 635 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert J. Gordon
Publisher : University of Chicago Press
ISBN 13 : 0226304604
Total Pages : 744 pages
Book Rating : 4.2/5 (263 download)
Download or read book The Measurement of Durable Goods Prices written by Robert J. Gordon and published by University of Chicago Press. This book was released on 2007-12-01 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt: American business has recently been under fire, charged with inflated pricing and an inability to compete in the international marketplace. However, the evidence presented in this volume shows that the business community has been unfairly maligned—official measures of inflation and the standard of living have failed to account for progress in the quality of business equipment and consumer goods. Businesses have actually achieved higher productivity at lower prices, and new goods are lighter, faster, more energy efficient, and more reliable than their predecessors. Robert J. Gordon has written the first full-scale work to treat the extent of quality changes over the entire range of durable goods, from autos to aircraft, computers to compressors, from televisions to tractors. He combines and extends existing methods of measurement, drawing data from industry sources, Consumer Reports, and the venerable Sears catalog. Beyond his important finding that the American economy is more sound than officially recognized, Gordon provides a wealth of anecdotes tracing the postwar history of technological progress. Bolstering his argument that improved quality must be accurately measured, Gordon notes, for example, that today's mid-range personal computers outperform the multimillion-dollar mainframes of the 1970s. This remarkable book will be essential reading for economists and those in the business community.
Author : Alessandro Cantelmo
Publisher : International Monetary Fund
ISBN 13 : 1484336429
Total Pages : 81 pages
Book Rating : 4.4/5 (843 download)
Download or read book Monetary Policy and the Relative Price of Durable Goods written by Alessandro Cantelmo and published by International Monetary Fund. This book was released on 2017-12-22 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a SVAR model of the US, the response of the relative price of durables to a monetary contraction is either flat or mildly positive. It significantly falls only if narrowly defined as the ratio between new-house and nondurables prices. These findings are rationalized via the estimation of a two-sector New-Keynesian (NK) models. Durables prices are estimated to be as sticky as nondurables, leading to a flat relative price response to a monetary shock. Conversely, house prices are estimated to be almost flexible. Such results survive several robustness checks and a three-sector extension of the NK model. These findings have implications for building two-sector NK models with durable and nondurable goods, and for the conduct of monetary policy.
Author : W. Erwin Diewert
Publisher : University of Chicago Press
ISBN 13 : 0226148572
Total Pages : 531 pages
Book Rating : 4.2/5 (261 download)
Download or read book Price Index Concepts and Measurement written by W. Erwin Diewert and published by University of Chicago Press. This book was released on 2010-02-15 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index
Publisher :
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.3/5 (91 download)
Download or read book Toward a More Accurate Measure of the Cost of Living written by United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index and published by . This book was released on 1996 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert O'Neill
Publisher : Springer
ISBN 13 : 3319641255
Total Pages : 375 pages
Book Rating : 4.3/5 (196 download)
Download or read book Inflation written by Robert O'Neill and published by Springer. This book was released on 2017-11-06 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an introduction to the history of – and current measurement practice of – inflation for the United Kingdom. The authors describe the historical development of inflation measures in a global context, and do so without using formal mathematical language and related jargon that relates only to a few specialist scholars. Although inflation is a widely used and quoted statistic, and despite the important role inflation plays in real people’s lives – through pension uprating, train tickets, interest rates and the work of economists – few people understand how it is created. O’Neill, Ralph and Smith mix historical data with a description of practices inside the UK statistical system and abroad, which will aid understanding of how this important economic statistic is produced, and the important and controversial choices that statisticians have made over time.
Author :
Publisher :
ISBN 13 :
Total Pages : 432 pages
Book Rating : 4.:/5 (319 download)
Download or read book Fixed Assets and Consumer Durable Goods in the United States ... written by and published by . This book was released on 2003 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David M. Cutler
Publisher : University of Chicago Press
ISBN 13 : 0226132307
Total Pages : 627 pages
Book Rating : 4.2/5 (261 download)
Download or read book Medical Care Output and Productivity written by David M. Cutler and published by University of Chicago Press. This book was released on 2007-12-01 with total page 627 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. Much of this analysis focuses on the capacity to measure the value of technological change and other health care innovations. A key finding suggests that growth in health care spending has coincided with an increase in products and services that together reduce mortality rates and promote additional health gains. Concerns over the apparent increase in unit prices of medical care may thus understate positive impacts on consumer welfare. When appropriately adjusted for such quality improvements, health care prices may actually have fallen. Provocative and compelling, this volume not only clarifies one of the more nebulous issues in health care analysis, but in so doing addresses an area of pressing public policy concern.
Author : Dean Baker
Publisher : Routledge
ISBN 13 : 1315502631
Total Pages : 204 pages
Book Rating : 4.3/5 (155 download)
Download or read book Getting Prices Right written by Dean Baker and published by Routledge. This book was released on 2016-07-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compiled by the Bureau of Labor Statistics, the CPI is used to index Social Security payments and many other federal programs, as well as to adjust tax brackets. Today, the accuracy of the CPI is being hotly debated, particularly in light of the Boskin Commission report that concluded in December 1996 that the CPI overstates inflation by 1.1%. If accepted and applied in the formulation of economic policy, the report would have major implications for balancing the federal budget. It would have a direct impact on the lives of Americans who are beneficiaries of government programs as well as on everyone who pays taxes. In this book, Dean Baker introduces and explains the significance of the debate, presents the full text of the Boskin Commission report and finally discusses in a far-reaching and insightful analysis both the Commission's research methodology and its conclusions.
Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309170796
Total Pages : 348 pages
Book Rating : 4.3/5 (91 download)
Download or read book At What Price? written by National Research Council and published by National Academies Press. This book was released on 2002-02-25 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Brian Graf
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781484354841
Total Pages : 509 pages
Book Rating : 4.3/5 (548 download)
Download or read book Consumer Price Index Manual, 2020 written by Brian Graf and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-11-19 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Gian Maria Tomat
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.X/5 (4 download)
Download or read book Durable Goods, Price Indexes and Quality Change written by Gian Maria Tomat and published by . This book was released on 2002 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Labour Office
Publisher : International Labour Organization
ISBN 13 : 9789221136996
Total Pages : 578 pages
Book Rating : 4.1/5 (369 download)
Download or read book Consumer Price Index Manual written by International Labour Office and published by International Labour Organization. This book was released on 2004-08-25 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Ernst R. Berndt
Publisher : University of Chicago Press
ISBN 13 : 0226044505
Total Pages : 621 pages
Book Rating : 4.2/5 (26 download)
Download or read book Hard-to-Measure Goods and Services written by Ernst R. Berndt and published by University of Chicago Press. This book was released on 2009-02-15 with total page 621 pages. Available in PDF, EPUB and Kindle. Book excerpt: The celebrated economist Zvi Griliches’s entire career can be viewed as an attempt to advance the cause of accuracy in economic measurement. His interest in the causes and consequences of technical progress led to his pathbreaking work on price hedonics, now the principal analytical technique available to account for changes in product quality. Hard-to-Measure Goods and Services, a collection of papers from an NBER conference held in Griliches’s honor, is a tribute to his many contributions to current economic thought. Here, leading scholars of economic measurement address issues in the areas of productivity, price hedonics, capital measurement, diffusion of new technologies, and output and price measurement in “hard-to-measure” sectors of the economy. Furthering Griliches’s vital work that changed the way economists think about the U.S. National Income and Product Accounts, this volume is essential for all those interested in the labor market, economic growth, production, and real output.
Author : David Hackett Fischer
Publisher : Oxford University Press, USA
ISBN 13 : 9780195121216
Total Pages : 556 pages
Book Rating : 4.1/5 (212 download)
Download or read book The Great Wave written by David Hackett Fischer and published by Oxford University Press, USA. This book was released on 1999 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fischer has examined price records in many nations, and finds that great waves of rising prices in the 13th-, 16th-, 18th-, and 20th centuries were all marked by price swings of increasing volatility, falling wages, a growing gap between rich and poor, and an increase in violent crime, family disintegration, and cultural despair. 109 graphs & charts. 7 maps.
Author : Council on Wage and Price Stability (U.S.)
Publisher :
ISBN 13 :
Total Pages : 318 pages
Book Rating : 4.:/5 (3 download)
Download or read book The Wholesale Price Index written by Council on Wage and Price Stability (U.S.) and published by . This book was released on 1990 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Council on Wage and Price Stability (U.S.)
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.:/5 (319 download)
Download or read book The Wholesale Price Index, Review and Evaluation written by Council on Wage and Price Stability (U.S.) and published by . This book was released on 1977 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
