Measuring Inflation Using Spanning Trees

Robert Hill ()

Working Papers from New South Wales - School of Economics

Abstract: This paper shows that any method for constructing a poice index has an underlying spanning tree. Using this insight, the debate over the relative merits of fixed base and chained price indices reduces to a debate over two alternative spanning trees.

Keywords: PRICE INDEX; METHODOLOGY (search for similar items in EconPapers)
JEL-codes: C43 C45 E31 O47 (search for similar items in EconPapers)
Pages: 13 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:nesowa:96/26

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