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- W2485883306 abstract "The Consumer Price Index (CPI) approximates changes in the costs of household consumption assuming the constant utility (COLI, Cost of Living Index). In practice, the Laspeyres price index is used to measure the CPI despite the fact that many economists consider the superlative indices to be the best approximation of COLI. The Fisher index is one of the superlative indices and additionally it satisfies most of tests from the axiomatic price index theory. Nevertheless, the Fisher price index makes use of current-period expenditure data and its usefulness in CPI measurement is limited. In this article, we verify the utility of using the Lowe, Young, and AG Mean indices for Fisher price index approximation. We confirm this utility in a simulation study and we provide an empirical proof." @default.
- W2485883306 created "2016-08-23" @default.
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- W2485883306 date "2016-07-28" @default.
- W2485883306 modified "2023-10-16" @default.
- W2485883306 title "Approximation of the Fisher price index by using Lowe, Young, and AG Mean indices" @default.
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- W2485883306 doi "https://doi.org/10.1080/03610918.2016.1205608" @default.
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