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Measuring Inflation Using Spanning Trees

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Author Info
Hill, R.J.

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Abstract

This paper shows that any method for constructing a poice index has an underlying spanning tree. Using this insight, the debate over the relative merits of fixed base and chained price indices reduces to a debate over two alternative spanning trees.

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Publisher Info
Paper provided by New South Wales - School of Economics in its series Papers with number 96/26.

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Length: 13 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fth:nesowa:96/26

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Postal: THE UNIVERSITY OF NEW SOUTH WALES, SCHOOL OF ECONOMICS, P.O.B. 1 KENSINGTON, NEW SOUTH WALES 2033 AUSTRALIA.
Phone: (+61)-2-9385-3380
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Web page: http://www.economics.unsw.edu.au/
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Related research
Keywords: PRICE INDEX METHODOLOGY

Find related papers by JEL classification:
C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

Statistics
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This page was last updated on 2008-9-21.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.