Searching for just a few words should be enough to get started. If you need to make more complex queries, use the tips below to guide you.
Article type: Research Article
Authors: Bação, Pedroa; *
Affiliations: [a] GEMF and Faculty of Economics of the University of Coimbra, Coimbra, Portugal
Correspondence: [*] Address for correspondence: Faculdade de Economia da Universidade de Coimbra, Av. Dias da Silva 165, 3004-512 Coimbra, Portugal. Tel.: +351 239 790500; Fax: +351 239 790514; E-mail: pmab@fe.uc.pt
Abstract: This paper studies the relation between different formulas for computing aggregate price indices and estimates of inflation persistence. The relevance of "aggregation bias" for policy making is discussed. We show that "aggregation bias" may not be a concern for a cautious policy-maker. We also show that chained indices are likely to be preferred by econometricians, rather than log-aggregates.
Keywords: Inflation, aggregation, chain indices, persistence, monetary policy
DOI: 10.3233/JEM-2007-0285
Journal: Journal of Economic and Social Measurement, vol. 32, no. 2-3, pp. 113-127, 2007
IOS Press, Inc.
6751 Tepper Drive
Clifton, VA 20124
USA
Tel: +1 703 830 6300
Fax: +1 703 830 2300
sales@iospress.com
For editorial issues, like the status of your submitted paper or proposals, write to editorial@iospress.nl
IOS Press
Nieuwe Hemweg 6B
1013 BG Amsterdam
The Netherlands
Tel: +31 20 688 3355
Fax: +31 20 687 0091
info@iospress.nl
For editorial issues, permissions, book requests, submissions and proceedings, contact the Amsterdam office info@iospress.nl
Inspirees International (China Office)
Ciyunsi Beili 207(CapitaLand), Bld 1, 7-901
100025, Beijing
China
Free service line: 400 661 8717
Fax: +86 10 8446 7947
china@iospress.cn
For editorial issues, like the status of your submitted paper or proposals, write to editorial@iospress.nl
如果您在出版方面需要帮助或有任何建, 件至: editorial@iospress.nl