Das Ideal des „reinen Preisvergleichs“ / The Principle of "Pure Price Comparison“
Enthusiasm for the “Economic Theory of Index Numbers” seems to ebb due to its inherent operational problems of index compilation. The alternative concept of inflation measurement is known as “cost-of-good” or “(fixed) basket approach”. Though more convenient in practice it may have a less impressive theoretical underpinning. It is not uncommon even to call its rationale in question altogether. This paper attempts to justify the basket approach and to specify “pure comparison” in operational terms. In essence this requires a focus on a time series of indices (as opposed to comparing two adjacent periods in isolation), and the interpretation of the index formula in terms of expenditures.
Volume (Year): 225 (2005)
Issue (Month): 4 (August)
|Contact details of provider:|| Web page: https://www.degruyter.com|
|Order Information:||Web: https://www.degruyter.com/view/j/jbnst|
When requesting a correction, please mention this item's handle: RePEc:jns:jbstat:v:225:y:2005:i:4:p:499-509. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.