أعرض تسجيلة المادة بشكل مبسط

dc.creator Hillinger, Claude
dc.date 2008
dc.date.accessioned 2013-10-16T06:57:41Z
dc.date.available 2013-10-16T06:57:41Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17977
dc.identifier ppn:559354169
dc.identifier RePEc:zbw:ifwedp:7095
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17977
dc.description The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do basically the same thing : to separate a change in nominal value into a ?real part? due to the changes in quantities and an inflation due to the changes in prices. Examples are: real national product and its components, the GNP deflator, the CPI, various measures related to consumer surplus, as well as the large number of formulas for price and quantity indexes that have been proposed. The theories that have been developed to derive these measures are largely unsatisfactory. The axiomatic theory of indexes does not make clear which economic problem a particular formula can be used to solve. The economic theories are for the most part based on unrealistic assumptions. For example, the theory of the CPI is usually developed for a single consumer with homothetic preferences and then applied to a large aggregate of diverse consumers with non-homothetic preferences. In this paper I develop a unitary theory that can be used in all situations in which monetary measures have been used. The theory implies a unique optimal measure which turns out to be the Törnqvist index. I review, and partly re-interpret the derivations of this index in the literature and provide several new derivations. The paper also covers several related topics, particularly the presently unsatisfactory determination of the components of real GDP.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Economics Discussion Papers / Institut für Weltwirtschaft 2008-5
dc.rights http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
dc.subject C43
dc.subject C82
dc.subject D61
dc.subject ddc:330
dc.subject Consumer price index
dc.subject consumer surplus
dc.subject money metric
dc.subject price and quantity indexes
dc.subject welfare measurement
dc.subject Lebenshaltungsindex
dc.subject Inflation
dc.subject Wohlfahrtseffekt
dc.subject Theorie
dc.title Measuring Real Value and Inflation
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط