Measurement of Inflation: Another Stochastic Approach
In this paper, we present an alternative approach to inflation and inflation measurement based on Menger’s theory of inner exchange value of money and on the stochastic approach to index numbers. We briefly describe the characteristics of the sample cross-section distribution of price changes. We propose a measure of inflation based on Törnqvist price index adjusted by the (a)symmetric trimmed means.
|Date of creation:||19 Jun 2003|
|Date of revision:|
|Note:||Type of Document - Tex; prepared on IBM PC - PC-TEX; to print on HP; pages: 38; figures: included|
|Contact details of provider:|| Web page: http://188.8.131.52|
When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpma:0306014. 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: (EconWPA)
If references are entirely missing, you can add them using this form.