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A Framework for Price Statistics

This paper describes the primary framework associating the four principal price indices in the system of economic statistics—the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI)—with the macroeconomic value aggregates they decompose in...

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Bibliographic Details
Main Author: Zieschang, Kimberly
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2000
Series:IMF Working Papers
Subjects:
Price Indexes
Inflation
Wealth
General Aggregative Models: General
Economics
Leading Indicators
Index Numbers And Aggregation
Saving
Model Evaluation And Selection
Deflation
Consumer Price Indexes
National Accounts
National Income
Model Construction And Estimation
Price Level
Consumption
Producer Price Indexes
Prices
Macroeconomics
Macroeconomics: Consumption
Australia
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper describes the primary framework associating the four principal price indices in the system of economic statistics—the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI)—with the macroeconomic value aggregates they decompose into price and volume components. The paper begins by defining the basic algebra of price indices. It then discusses the definition of the value aggregates comprising the goods and services components of the System of National Accounts 1993 (1993 SNA). The paper concludes by briefly considering purchasing power parities and labor compensation indices
Physical Description:45 pages
ISBN:9781451844139

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