Compiling and Using Export and Import Price Indices

Export and import price indices are essential for assessing the impact of international trade on the domestic economy. Among their most important uses are analyzing developments in the trade balance, measuring foreign prices' contribution to domestic inflation, and deflating nominal values of e...

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Bibliographic Details
Main Author: Zieschang, Kimberly
Other Authors: Dridi, Jemma
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2002
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Price indexes 
653 |a Inflation 
653 |a Data Access 
653 |a Deflation 
653 |a Methodology for Collecting, Estimating, and Organizing Microeconomic Data 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a International economics 
653 |a Methodology for Collecting, Estimating, and Organizing Macroeconomic Data 
653 |a Price Level 
653 |a International trade 
653 |a Import price indexes 
653 |a Exports 
653 |a Prices 
653 |a Macroeconomics 
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520 |a Export and import price indices are essential for assessing the impact of international trade on the domestic economy. Among their most important uses are analyzing developments in the trade balance, measuring foreign prices' contribution to domestic inflation, and deflating nominal values of exports and imports for estimating the volume of gross domestic product. This paper discusses the main uses of trade indices and the data sources used to compile them. It also presents various approaches used to compile foreign trade price indices, addresses various problems encountered in developing these indices, and provides some recommendations on how to address them