Template-Type: ReDIF-Paper 1.0
Author-Name: Consuelo R. Nava
Author-X-Name-First: Consuelo R.
Author-X-Name-Last: Nava
Author-Email: c.nava@univda.it
Author-Workplace-Name: Dipartimento di Economia e Scienze Politiche, Università della Valle d'Aosta - Dipartimento di Politica Economica, DISCE, Università Cattolica del Sacro Cuore
Author-Name: Antonio Pesce
Author-X-Name-First: Antonio
Author-X-Name-Last: Pesce
Author-Email: antonio.pesce@unicatt.it
Author-Workplace-Name: Dipartimento di Politica Economica, DISCE, Università Cattolica del Sacro Cuore
Author-Name: Maria Grazia Zoia
Author-X-Name-First: Maria Grazia
Author-X-Name-Last: Zoia
Author-Email: maria.zoia@unicatt.it
Author-Workplace-Name: Dipartimento di Politica Economica, DISCE, Università Cattolica del Sacro Cuore
Title: A new proposal for the construction of a multi-period/multilateral price index
Abstract: Price indexes in time and space is a most relevant topic in statistical analysis from both the methodological and the application side. In this paper a price index providing a novel and effective solution to price indexes over several periods and among several countries, that is in both a multi-period and a multilateral framework, is devised. The reference basket of the devised index is the union of the intersections of the baskets of all periods/countries in pairs. As such, it provides a broader coverage than usual indexes. Index closed-form expressions and updating formulas are provided and properties investigated. Last, applications with real and simulated data provide evidence of the performance of the index at stake.
Length: 35
Creation-Date: 2019-10
File-URL: http://dipartimenti.unicatt.it/politica-economica-DIPE0007.pdf
File-Format: Application/pdf
File-Function: First version, 2019
Number: dipe0007
Classification-JEL: C43, E31, C01
Keywords: multi-period price index, multilateral price index, stochastic approach, updating process, OLS
Handle: RePEc:ctc:serie5:dipe0007