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IMF Working Papers
An Index Number Formula Problem : The Aggregation of Broadly Comparable items
2009
INTERNATIONAL MONETARY FUND

Index number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give very different results. Neglected is the practical case of broadly comparable items. This paper provides a formal analysis...

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IMF Working Papers
An Index Number Formula Problem : The Aggregation of Broadly Comparable items
2009
INTERNATIONAL MONETARY FUND

Index number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give very different results. Neglected is the practical case of broadly comparable items. This paper provides a formal analysis...

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IMF Working Papers
An Index Number Formula Problem : The Aggregation of Broadly Comparable items
2009
INTERNATIONAL MONETARY FUND

Index number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give very different results. Neglected is the practical case of broadly comparable items. This paper provides a formal analysis...

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