Theory of the Price Index: Fisher’s Test Approach and Generalizations
We wish to thank Georg Hasenkamp for valuable comments on an earlier draft of the manuscript and Steven Diamond for his kindness in reading the manu script and providing advice regarding the style of the exposition. We are also grateful to Miss Ingeborg Kasper for her careful typing of the manu sc...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Berlin, Heidelberg
Springer Berlin Heidelberg
1976
|
| Ausgabe: | 1st ed. 1976 |
| Schriftenreihe: | Lecture Notes in Economics and Mathematical Systems
140 |
| Schlagworte: | |
| Online-Zugang: | BTU01 Volltext |
| Zusammenfassung: | We wish to thank Georg Hasenkamp for valuable comments on an earlier draft of the manuscript and Steven Diamond for his kindness in reading the manu script and providing advice regarding the style of the exposition. We are also grateful to Miss Ingeborg Kasper for her careful typing of the manu script. Contents 1. Introduction 4 2. Price Indices Depending only on Prices 2. 1 Definition, Examples, Implications 4 2. 2 Characterizations of Pri~e Indices 15 3. Price Indices Depending on Prices and Quantities 22 3. 1 Definition, Examples 23 3. 2 Fisher's System of Tests 29 3. 3 Implications and Characterizations 35 3. 4 Independence and Inconsistency of Fisher's Tests 44 3. 5 General Solution of the Inconsistency Problem 54 4. Price Levels, Price Indices, and Fisher's Equation 59 of Exchange 4. 1 Definition, Examples, Implications 60 4. 2 Characterizations of Price Levels 64 4. 3 Fisher's Equation of Exchange Reconsidered 72 Bibliography 5. 83 6. Index 88 1. Introduction In the face of the economic, political, and social problems resul ting from world-wide inflation, theories of the price index have gained new attention. This newfound interest in price indices stems from the fact that all such indices are designed to serve as yardsticks for measuring the price behavior of goods and services. That is, all price indices relate to the concept of the 'purchasing power of money'. If prices increase, then the value of the unit of money declines, i. e |
| Beschreibung: | 1 Online-Ressource (95 p) |
| ISBN: | 9783642454929 |
| DOI: | 10.1007/978-3-642-45492-9 |
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| 520 | |a We wish to thank Georg Hasenkamp for valuable comments on an earlier draft of the manuscript and Steven Diamond for his kindness in reading the manu script and providing advice regarding the style of the exposition. We are also grateful to Miss Ingeborg Kasper for her careful typing of the manu script. Contents 1. Introduction 4 2. Price Indices Depending only on Prices 2. 1 Definition, Examples, Implications 4 2. 2 Characterizations of Pri~e Indices 15 3. Price Indices Depending on Prices and Quantities 22 3. 1 Definition, Examples 23 3. 2 Fisher's System of Tests 29 3. 3 Implications and Characterizations 35 3. 4 Independence and Inconsistency of Fisher's Tests 44 3. 5 General Solution of the Inconsistency Problem 54 4. Price Levels, Price Indices, and Fisher's Equation 59 of Exchange 4. 1 Definition, Examples, Implications 60 4. 2 Characterizations of Price Levels 64 4. 3 Fisher's Equation of Exchange Reconsidered 72 Bibliography 5. 83 6. Index 88 1. Introduction In the face of the economic, political, and social problems resul ting from world-wide inflation, theories of the price index have gained new attention. This newfound interest in price indices stems from the fact that all such indices are designed to serve as yardsticks for measuring the price behavior of goods and services. That is, all price indices relate to the concept of the 'purchasing power of money'. If prices increase, then the value of the unit of money declines, i. e | ||
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| spelling | Eichhorn, W. Verfasser aut Theory of the Price Index Fisher’s Test Approach and Generalizations by W. Eichhorn, J. Voeller 1st ed. 1976 Berlin, Heidelberg Springer Berlin Heidelberg 1976 1 Online-Ressource (95 p) txt rdacontent c rdamedia cr rdacarrier Lecture Notes in Economics and Mathematical Systems 140 We wish to thank Georg Hasenkamp for valuable comments on an earlier draft of the manuscript and Steven Diamond for his kindness in reading the manu script and providing advice regarding the style of the exposition. We are also grateful to Miss Ingeborg Kasper for her careful typing of the manu script. Contents 1. Introduction 4 2. Price Indices Depending only on Prices 2. 1 Definition, Examples, Implications 4 2. 2 Characterizations of Pri~e Indices 15 3. Price Indices Depending on Prices and Quantities 22 3. 1 Definition, Examples 23 3. 2 Fisher's System of Tests 29 3. 3 Implications and Characterizations 35 3. 4 Independence and Inconsistency of Fisher's Tests 44 3. 5 General Solution of the Inconsistency Problem 54 4. Price Levels, Price Indices, and Fisher's Equation 59 of Exchange 4. 1 Definition, Examples, Implications 60 4. 2 Characterizations of Price Levels 64 4. 3 Fisher's Equation of Exchange Reconsidered 72 Bibliography 5. 83 6. Index 88 1. Introduction In the face of the economic, political, and social problems resul ting from world-wide inflation, theories of the price index have gained new attention. This newfound interest in price indices stems from the fact that all such indices are designed to serve as yardsticks for measuring the price behavior of goods and services. That is, all price indices relate to the concept of the 'purchasing power of money'. If prices increase, then the value of the unit of money declines, i. e Macroeconomics/Monetary Economics//Financial Economics Macroeconomics Theorie (DE-588)4059787-8 gnd rswk-swf Preisindex (DE-588)4128399-5 gnd rswk-swf Statistik (DE-588)4056995-0 gnd rswk-swf Preisindex (DE-588)4128399-5 s Theorie (DE-588)4059787-8 s DE-604 Statistik (DE-588)4056995-0 s Voeller, J. aut Erscheint auch als Druck-Ausgabe 9783540080596 Erscheint auch als Druck-Ausgabe 9783642454936 https://doi.org/10.1007/978-3-642-45492-9 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Eichhorn, W. Voeller, J. Theory of the Price Index Fisher’s Test Approach and Generalizations Macroeconomics/Monetary Economics//Financial Economics Macroeconomics Theorie (DE-588)4059787-8 gnd Preisindex (DE-588)4128399-5 gnd Statistik (DE-588)4056995-0 gnd |
| subject_GND | (DE-588)4059787-8 (DE-588)4128399-5 (DE-588)4056995-0 |
| title | Theory of the Price Index Fisher’s Test Approach and Generalizations |
| title_auth | Theory of the Price Index Fisher’s Test Approach and Generalizations |
| title_exact_search | Theory of the Price Index Fisher’s Test Approach and Generalizations |
| title_exact_search_txtP | Theory of the Price Index Fisher’s Test Approach and Generalizations |
| title_full | Theory of the Price Index Fisher’s Test Approach and Generalizations by W. Eichhorn, J. Voeller |
| title_fullStr | Theory of the Price Index Fisher’s Test Approach and Generalizations by W. Eichhorn, J. Voeller |
| title_full_unstemmed | Theory of the Price Index Fisher’s Test Approach and Generalizations by W. Eichhorn, J. Voeller |
| title_short | Theory of the Price Index |
| title_sort | theory of the price index fisher s test approach and generalizations |
| title_sub | Fisher’s Test Approach and Generalizations |
| topic | Macroeconomics/Monetary Economics//Financial Economics Macroeconomics Theorie (DE-588)4059787-8 gnd Preisindex (DE-588)4128399-5 gnd Statistik (DE-588)4056995-0 gnd |
| topic_facet | Macroeconomics/Monetary Economics//Financial Economics Macroeconomics Theorie Preisindex Statistik |
| url | https://doi.org/10.1007/978-3-642-45492-9 |
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