Measurement of Inflation: Another Stochastic Approach

Michal Andrle

Macroeconomics from University Library of Munich, Germany

Abstract: In this paper, we present an alternative approach to inflation and inflation measurement based on Menger’s theory of inner exchange value of money and on the stochastic approach to index numbers. We briefly describe the characteristics of the sample cross-section distribution of price changes. We propose a measure of inflation based on Törnqvist price index adjusted by the (a)symmetric trimmed means.

Keywords: inflation; stochastic; index; number; Tornqvist (search for similar items in EconPapers)
JEL-codes: C43 E31 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2003-06-19
New Economics Papers: this item is included in nep-ecm, nep-mac and nep-mon
Note: Type of Document - Tex; prepared on IBM PC - PC-TEX; to print on HP; pages: 38; figures: included
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/0306/0306014.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:0306014

Access Statistics for this paper

More papers in Macroeconomics from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).