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Some Methodological Aspects Concerning The Statistical Determination Of Inflation

Author

Listed:
  • Vasile V. Dumitrescu
  • Gheorghe Savoiu

Abstract

This article continues the series of another two papers dealing with the same topic, which have already been published in the Supplement of the Romanian Statistical Review (Dumitrescu, Sãvoiu, 2016a; 2016b;), and its two authors devoted it to the instrumental improvement of the methods of statistically determining inflation. After a brief necessary introduction, a section of proposals and solutions intended to construct indicators able to quantify inflation to a greater extent, as coverage and through a lower level of instrumental statistical error, the paper naturally anticipates the description of some of the conditions for building a general inflation index (GII), which was defined and described structurally by the authors in their previous articles. Several concluding remarks insist on the need to reconstruct an increasingly suitable index of inflation in the European Union space, and its periodical re-quantification, in order to increase the accuracy of all analyses and confrontations of real economic developments, in such a wide geographical area, starting from the index built in Romania.

Suggested Citation

  • Vasile V. Dumitrescu & Gheorghe Savoiu, 2017. "Some Methodological Aspects Concerning The Statistical Determination Of Inflation," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(10), pages 82-96, October.
    • Handle: RePEc:rsr:supplm:v:65:y:2017:i:10:p:82-96
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    File URL: http://www.revistadestatistica.ro/supliment/wp-content/uploads/2017/10/rrss_10_2017_A4en.pdf
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    References listed on IDEAS

    as
    1. Vasile V. Dumitrescu & Gheorghe Savoiu, 2016. "Major Issues Of Statistical Quantification Of Current Inflation In Accordance With Romania’S Total Gross Revenues Of Population – The Necessity For A “General Index Of Inflation” (Gii)," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(10), pages 14-24, October.
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      More about this item

      Keywords

      general inflation index (GII); proportions and correlations; focused/directed selection; selection; structuring and grouping criteria; nomenclatures; principles of homogeneity and representativeness; modalities of determining the content; the scope and the construction of specific indexes; of partial; and interpret indexes;
      All these keywords.

      JEL classification:

      • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
      • C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions
      • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
      • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation

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