Developments in Services Producer Price Indices

Financial Services in Swedish Price Indices

The paper deals with issues that have been found important for the treatment of financial services in Swedish price indices. In particular the definition of the unit transaction for fund and stock-brokering services with charge proportional to transaction value is crucial. Such services have more than a negligible extent in Sweden, also for consumers, and different definitions of the unit trans...

Producer price highlights, 1998

Selection Effects in Producer-Price Setting

We use micro data on product prices linked to information on the firms that set them to test for selection effects (state dependence) in micro-level producer pricing. In contrast to using synthetic data from a canonical menu-cost model, we find very weak, if any, micro-level selection effects when running price change probability regressions on actual data. Moreover, when fitting a model that n...

Local Quantile House Price Indices

Locally weighted quantile regressions allow the coefficients of hedonic house price functions to vary over space. Using data on all house sales in Cook County, Illinois, for 20002011, I show how the full distribution of appreciation rates changed over time in small geographic areas. The estimates reveal significant spatial variation in appreciation rates both geographically and across the distr...

9. Calculating Consumer Price Indices in Practice

9.2 As a result of the greater insights into the properties and behaviour of price indices that have been achieved in recent years, it is now recognized that some traditional methods may not necessarily be optimal from a conceptual and theoretical viewpoint. Concerns have also been voiced in a number of countries about possible biases that may be affecting CPIs. These issues and concerns need t...