This paper is the introduction to the forthcoming Macroeconomic Dynamics Special Issue on Measurement with Theory. The Guest Editors of the special issue are William A. Barnett, W. Erwin Diewert,â€¦ (More)

The European UnionÂ’s Harmonized Index of Consumer Prices (HICP) is the single most important indicator of inflation used by the European Central Bank. This paper investigates the methodologicalâ€¦ (More)

The impact of weekly, monthly and quarterly time aggregation on estimates of price change is examined for nineteen different supermarket item categories over a fifteen month period using scannerâ€¦ (More)

It was shown in 1976 that a difference in a quadratic function of N variables evaluated at two points is exactly equal to the sum of the arithmetic average of the first order partial derivatives ofâ€¦ (More)

The 2004 International Labour Office Consumer Price Index Manual: Theory and Practice summarized the state of the art for constructing Consumer Price Indexes (CPIs) at that time. In the interveningâ€¦ (More)

The paper uses data on sales of detached houses in a small Dutch town over 14 quarters starting at the first quarter of 2005 in order to compare various methods for constructing a house price indexâ€¦ (More)

In many sectors of the economy, governments either provide various services at no cost or at highly subsidized prices. Examples are the health, education and general government sectors. The paperâ€¦ (More)

Caves, Christensen and Diewert proposed a method for estimating a theoretical productivity index for a firm using TÃ¶rnqvist input and output indexes, augmented by exogenous estimates of local returnsâ€¦ (More)

The use of multilateral comparison methods in a time series context is increasingly becoming an accepted approach for incorporating scanner data in a Consumer Price Index. The attractiveness stemsâ€¦ (More)