Services producer price index (experimental) - first quarter 2008

Producer price highlights, 1998

First Quarter 2001 Newsletter

industrial structure, technology and energy and environmental policy. Deregulation in the different markets is moving foreward. The restructuring of the petroleum and energy industry the last couple of years has been fundamental. Ecommerce will definitivly influence the energy industry and trade patterns. Technology offers significantly increased efficiencies for all energy sources. On the glob...

Price Determinants of Show Quality Quarter Horses

This study estimates the price determinants of show quality Quarter Horses sold at auction. Several characteristics including genetic and physical traits, the quality of pedigree, and sale order affect price. Sale price is positively affected by a strong performance record of the horse as well as the performance record of the horse’s offspring. A common practice at horse auctions is for the sel...

The Effects of Sample Size on Variances of the Producer Price Index

The PPI is a modified Laspeyres index which estimates a fixed input output price index model. Since the 1978 revision of the PPI, the industry output indexes have been based on the Standard Industrial Classification (SIC). Samples are drawn separately for four digit SIC industries, where each industry is assigned a publication structure prior to sampling. The publication structure partitions th...

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...