Arbeitspapier
The Generalized Unit Value Index
The inflation rate is normally computed as a weighted average of individual price changes. Alternatively, this rate could be evaluated by comparing average price levels. Unfortunately, this methodology has received limited attention in past research. This study attempts to remedy this situation by introducing a group of Generalized Unit Value indices that evaluate price level changes. The group includes some well-known (Laspeyres, Paasche, Banerjee), hardly known (Lehr, Davies), and previously unknown price indices. An assessment of their axiomatic properties is presented.
- Language
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Englisch
- Bibliographic citation
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Series: Research Papers in Economics ; No. 12/11
- Classification
-
Wirtschaft
Index Numbers and Aggregation; Leading indicators
Price Level; Inflation; Deflation
Monetary Policy
- Subject
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Index Theory
Inflation
Unit Value
Measurement
- Event
-
Geistige Schöpfung
- (who)
-
von Auer, Ludwig
- Event
-
Veröffentlichung
- (who)
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Universität Trier, Fachbereich IV – Volkswirtschaftslehre
- (where)
-
Trier
- (when)
-
2011
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- von Auer, Ludwig
- Universität Trier, Fachbereich IV – Volkswirtschaftslehre
Time of origin
- 2011
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How Large is the Class of Generalized Extreme Value Random Utility Models?
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Estimation of household demand systems with theoretically compatible engel curves and unit value specifications
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Price indices on the basis of unit values: Unit value indices as proxies for price indices
Generalized Reduced Rank Tests using the Singular Value Decomposition
Identifying sources of unit value dynamics in international trade
Estimation of Household Demand Systems Using Unit Value Data
Semisimple Games and Generalized Power Indices
SPS Capitalization into Land Value: Generalized Propensity Score Evidence from the EU
How Large is the Class of Generalized Extreme Value Random Utility Models?
Generalized single-index models: The EFM approach
Estimation of Household Demand Systems with Theoretically Compatible Engel Curves and Unit Value Specifications
Estimation of household demand systems with theoretically compatible engel curves and unit value specifications
The Continuous Generalized Extreme Value Model with Special Reference to Static Models of Labor Supply
Generalized additive models
Price indices on the basis of unit values: Unit value indices as proxies for price indices
Generalized Reduced Rank Tests using the Singular Value Decomposition
Identifying sources of unit value dynamics in international trade
Estimation of Household Demand Systems Using Unit Value Data
Semisimple Games and Generalized Power Indices
SPS Capitalization into Land Value: Generalized Propensity Score Evidence from the EU
How Large is the Class of Generalized Extreme Value Random Utility Models?
Generalized single-index models: The EFM approach
Estimation of Household Demand Systems with Theoretically Compatible Engel Curves and Unit Value Specifications
Estimation of household demand systems with theoretically compatible engel curves and unit value specifications
The Continuous Generalized Extreme Value Model with Special Reference to Static Models of Labor Supply