Time–Space Harmonization of Consumer Price Indexes in Euro-Zone Countries

Guido Ferrari, Tiziana Laureti and Franco Mostacci

International Advances in Economic Research, 2005, vol. 11, issue 4, 359-378

Abstract: The objective of this paper is to discuss the possibilities of attaining a time–space harmonization of the consumer price indexes that are elaborated by the 12 European Union (EU) Euro-zone countries and by Eurostat. After focusing on the duality of the time and space domains for price indexes elaboration, the basic elements of the methodology of estimation of consumer price indexes are delineated, both in time and space. Then, the harmonization of formulae and baskets is outlined, with emphasis on the latter. The current system of surveys for price collection is reviewed and its limits are underlined, in order to suggest a methodology for a consumer basket harmonized approach which ensures better harmonized indexes comparability, reduction of list of products, and unification of quality adjustment methods. Copyright International Atlantic Economic Society 2005

Keywords: E31 (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1007/s11294-005-2275-7

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