The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes

The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes / Heravi, Saeed.

Statistical offices try to match item models when measuring inflation between two periods. For product areas with a high turnover of differentiated models, however, the use of hedonic indexes is more appropriate since they include the prices and quantities of unmatched new and old models. The two ma...

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Bibliographic Details
Main Author: Heravi, Saeed
Corporate Author: International Monetary Fund
Other Authors: Silver, M. S.
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:IMF Working Papers ; Working Paper no. 06/181.
Subjects:
Inflation (Finance)
Price indexes.
Price indexes
Online Access:Click for online access
Description
Summary:Statistical offices try to match item models when measuring inflation between two periods. For product areas with a high turnover of differentiated models, however, the use of hedonic indexes is more appropriate since they include the prices and quantities of unmatched new and old models. The two main approaches to hedonic indexes are hedonic imputation (HI) indexes and dummy time hedonic (DTH) indexes. This study provides a formal analysis of the difference between the two approaches for alternative implementations of the Törnqvist ""superlative"" index. It shows why the results may differ and discusses the issue of choice between these approaches.
Item Description:Available in PDF, ePUB, and Mobi formats on the Internet.
Physical Description:1 online resource (20 pages)
ISBN:1451988206
9781451988208
ISSN:2227-8885 ;

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