Economic Analysis of Production Price Indexes


Book Description

This work on index-number construction focuses on production indexes, including output and input deflators that can be used for constructing real output and real input. The authors treat separately the different production units: the firm, the industry, and the economy, as well as the different forms of industrial organization: monopoly, monopsony, and competition. Only in the simplest cases is the appropriate theory isomorphic to that of the cost-of-living index because of the interlinkages among the various production units. A firm cannot always assume that the behaviour of its competitors, suppliers, and customers will be unaffected by price changes and only in special cases can an industry take supply and demand conditions as given.




Price Measurements and Their Uses


Book Description

In an economy characterized by frequent change in technology, in the types of goods and services purchased, and in the forms of business organization, keeping track of price change continues to pose many difficulties. Price change affects the way we perceive changes in such basic measures as real output, productivity, and living standards. This volume, which brings together academic economists with those responsible for official price indexes, presents outstanding new research on price measurement. Half of the papers focus on prices for mainframe and personal computers, semiconductors, and other high-tech products, using mainly hedonic techniques. The volume includes a panel discussion by distinguished economists about the theoretical and practical considerations of how best to measure price change of capital goods whose quality is changing rapidly. The authors also present new research on more conventional but still unsettled problems in the price field affecting both the consumer and producer price indexes of the Bureau of Labor Statistics.




Measuring Capital -- OECD Manual Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services


Book Description

This Manual clarifies the conceptual issues concerning stocks and flows of fixed capital and provides practical guidelines for estimation. The Manual also deals with the definition and measurement of "capital services" which measure the contribution of capital assets into the production process.




Price Index Concepts and Measurement


Book Description

Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.







Export and Import Price Index Manual: Theory and Practice


Book Description

A joint production by six international organizations, this manual explores the conceptual and theoretical issues that national statistical offices should consider in the daily compilation of export and import price indices. Intended for use by both ...




Consumer Price Index


Book Description

Distributed to some depository libraries in microfiche.




The Palgrave Companion to Harvard Economics


Book Description

Harvard University has been and continues to be one of the most important global centres for economics. With three chapters on themes in Harvard economics and 41 chapters on the lives and work of Harvard economists, these two volumes show how economics became established at the University, how it produced some of the world’s best-known economists, including Joseph Schumpeter, Wassily Leontief and John Kenneth Galbraith, and how it remains a global force for the very best in teaching and research in economics. With original contributions from a stellar cast, the volumes provide economists – especially those interested in macroeconomics and the history of economic thought – with an in-depth analysis of Harvard economics. Robert A. Cord holds a PhD from the University of Cambridge, and his areas of interest include the history of economic thought and, within this, the history of macroeconomics. His publications include Reinterpreting the Keynesian Revolution (2012), Milton Friedman: Contributions to Economics and Public Policy (co-editor; 2016) and The Palgrave Companion to Chicago Economics (editor; 2022).