Understanding the degree of price stickiness and the nature of price setting is necessary for analyzing the effects of monetary policy on economy. To the best of our knowledge, no comprehensive study has examined the degree of price stickiness in Iran yet. For this reason, we examine the basic features of retail price setting behavior using a large data set containing the micro data underly...

Covid-19 is an infectious disease caused by acute respiratory syndrome coronavirus 2 (severe or SARS-CoV-2). It makes the decrease of people's purchasing power. Meanwhile, economic growth indicates success a country's development. Therefore, Consumer Price Index occurs Inflation and Deflation, which commonly referred to in economy as Index. This study aimed apply weighted Markov chain method pr...

  I n this paper, the effects of the Food Stamp (FS) Program (now referred to as Supplemental Nutrition Assistance Program-SNAP) on individuals’ food choices are evaluated. In other words, I examine how households' food choice or relative food consumption is changed by FS participation. For this purpose six food groups are created using 2016 Consumer Expenditure Diary Surv...

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...

This paper considers the problem of how to construct price indexes on a panel data set. First a suitable panel data set is constructed by merging Eurostat’s Harmonized Index of Consumer Prices (HICP) with a cross-section of OECD data. Second, seven different methods for constructing price indexes on a panel are proposed. These are then applied to the merged HICP/OECD data set. Temporal and spat...

Macro economists have documented the association between consumer confidence dynamics and durables purchases. A similar dynamic exists in China’s urban housing market. At any point in time Chinese consumer confidence hinges on beliefs about the state of the macro economy and the resolution of policy uncertainty related to the national and local housing policies. We build a 35 Chinese city real ...

14.1 This chapter focuses on the value aggregates for goods and services that relate the major price indices, including the consumer price index (CPI), to one another. The chapter provides a deeper context for the domain of the CPI covered in Chapter 3 and the index weights dealt with in Chapter 4. It also deepens the context for defining the sample unit and the set of products, discussed in Ch...