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The Measurement of Inflation: a Stochastic Approach

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  • K.W. Clements
  • H.Y. Izan

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  • K.W. Clements & H.Y. Izan, 1984. "The Measurement of Inflation: a Stochastic Approach," Economics Discussion / Working Papers 84-10, The University of Western Australia, Department of Economics.
  • Handle: RePEc:uwa:wpaper:84-10
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    References listed on IDEAS

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    1. Braithwait, Steven D, 1980. "The Substitution Bias of the Laspeyres Price Index: An Analysis Using Estimated Cost-of-Living Indexes," American Economic Review, American Economic Association, vol. 70(1), pages 64-77, March.
    2. S. Miller, 1983. "Purchasing Power Parity Relative Price Variability: Evidence from the 1970s," Economics Discussion / Working Papers 83-03, The University of Western Australia, Department of Economics.
    3. Lucas, Robert E, Jr, 1973. "Some International Evidence on Output-Inflation Tradeoffs," American Economic Review, American Economic Association, vol. 63(3), pages 326-334, June.
    4. Lloyd, P J, 1975. "Substitution Effects and Biases in Nontrue Price Indices," American Economic Review, American Economic Association, vol. 65(3), pages 301-313, June.
    5. Kott, Phillip S, 1984. "A Superpopulation Theory Approach to the Design of Price Index Estimators with Small Sampling Biases," Journal of Business & Economic Statistics, American Statistical Association, vol. 2(1), pages 83-90, January.
    6. Clements, Kenneth W & Izan, H Y, 1981. "A Note on Estimating Divisia Index Numbers," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 22(3), pages 745-747, October.
    7. Miller, Stephen, 1984. "Purchasing power parity and relative price variability : Evidence from the 1970s," European Economic Review, Elsevier, vol. 26(3), pages 353-367, December.
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    Citations

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    Cited by:

    1. Iqbal, Javed & Hanif, Muhammad Nadim, 2010. "Measuring Standard Error of Inflation in Pakistan: A Stochastic Approach," MPRA Paper 35422, University Library of Munich, Germany.
    2. E. A. Selvanathan, 2003. "Extending the stochastic approach to index numbers: a comment on Crompton," Applied Economics Letters, Taylor & Francis Journals, vol. 10(4), pages 213-215.
    3. Jacek Białek, 2014. "Proposition of Stochastic Postulates for Chain Indices," Statistics in Transition new series, Główny Urząd Statystyczny (Polska), vol. 15(4), pages 545-558, September.
    4. Kenneth W. Clements & H. Y. Izan & Yihui Lan, 2009. "A Stochastic Measure of International Competitiveness-super-," International Review of Finance, International Review of Finance Ltd., vol. 9(1-2), pages 51-81.
    5. Robert C. Feenstra & Erwin W. Diewert, "undated". "Imputation and Price Indexes: Theory and Evidence from the International Price Program," Department of Economics 00-12, California Davis - Department of Economics.
    6. Müller, Gerald, 1999. "Smaller Productivity Gap Between German Regions When Different Producer Prices are Taken into Account," IWH Discussion Papers 89, Halle Institute for Economic Research (IWH).
    7. K.W. Clements, 1988. "UWA Studies in Applied Demand Analysis," Economics Discussion / Working Papers 88-20, The University of Western Australia, Department of Economics.
    8. Selvanathan, E. A. & Selvanathan, S., 2004. "Modelling the commodity prices in the OECD countries: a stochastic approach," Economic Modelling, Elsevier, vol. 21(2), pages 233-247, March.
    9. Meyler, Aidan, 1999. "A statistical measure of core inflation," MPRA Paper 11362, University Library of Munich, Germany.
    10. David E. A. Giles, 2004. "Calculating a Standard Error for the Gini Coefficient: Some Further Results," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(3), pages 425-433, July.
    11. Kenneth W. Clements, 2006. "Pricing and Packaging: The Case of Marijuana," The Journal of Business, University of Chicago Press, vol. 79(4), pages 2019-2044, July.
    12. Ivan Roberts, 2005. "Underlying Inflation: Concepts, Measurement and Performance," RBA Research Discussion Papers rdp2005-05, Reserve Bank of Australia.
    13. von der Lippe, Peter, 2014. "The Stochastic Approach to Index Numbers: Needless and Useless," MPRA Paper 60839, University Library of Munich, Germany.
    14. E.A. Selvanathan, 1988. "The Stochastic Approach to Index Numbers: Extensions," Economics Discussion / Working Papers 88-15, The University of Western Australia, Department of Economics.
    15. C. Crompton, 1996. "A Reconsideration of the New Stochastic Approach to Index Numbers," Economics Discussion / Working Papers 96-24, The University of Western Australia, Department of Economics.
    16. Kenneth Clements & Yihui Lan & Jiawei Si, 2018. "Uncertainty in currency mispricing," Applied Economics, Taylor & Francis Journals, vol. 50(20), pages 2297-2312, April.
    17. Eliyathamby A. Selvanathan & Saroja Selvanathan, 2006. "Measurement of inflation: An alternative approach," Journal of Applied Economics, Universidad del CEMA, vol. 9, pages 403-418, November.
    18. Mark A. Wynne, 2008. "Core inflation: a review of some conceptual issues," Review, Federal Reserve Bank of St. Louis, issue May, pages 205-228.
    19. Jacek Białek, 2014. "Application of the Original Price Index Formula to Measuring the CPI’s Commodity Substitution Bias," Statistics in Transition new series, Główny Urząd Statystyczny (Polska), vol. 15(1), pages 83-96, January.
    20. Christopher J. O'Donnell & Alicia N. Rambaldi & Howard E. Doran, 2001. "Estimating economic relationships subject to firm- and time-varying equality and inequality constraints," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(6), pages 709-726.
    21. Necati Tekatli, 2010. "A New Core Inflation Indicator for Turkey (Turkiye Ekonomisi Icin Yeni Bir Cekirdek Enflasyon Gostergesi)," Working Papers 1019, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    22. Ogwang, Tomson, 1995. "The stochastic approach to price index numbers: An expository note," Economics Letters, Elsevier, vol. 49(4), pages 373-379, October.
    23. Kenneth W. Clements & H.Y Izan & Yihui Lan, 2005. "A Stochastic Measure of International Competitiveness," Economics Discussion / Working Papers 05-15, The University of Western Australia, Department of Economics.
    24. Dr Alicia Rambaldi & Dr Chris O'Donnell & Howard E.Doran, 2003. "Imposing Observation-Varying Equality Constraints Using Generalised Restricted Least Squares," Discussion Papers Series 323, School of Economics, University of Queensland, Australia.
    25. O'Donnell, Christopher J., 2000. "Estimating The Characteristics Of Homogeneous Functionsusing Flexible Functional Forms," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123713, Australian Agricultural and Resource Economics Society.

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