Do Unit Value Export, Import, and Terms of Trade Indices Represent Or Misrepresent Price Indices? PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Do Unit Value Export, Import, and Terms of Trade Indices Represent Or Misrepresent Price Indices? PDF full book. Access full book title Do Unit Value Export, Import, and Terms of Trade Indices Represent Or Misrepresent Price Indices? by Mick Silver. Download full books in PDF and EPUB format.
Author: Mick Silver
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 40
Get Book Here
Book Description
Unit value export and import indices compiled from returns to customs authorities are often used as surrogates for price indices in the measurement of inflation transmission, terms of trade (effects), and to deflate import and export value series to derive volume series. Their widespread use is mainly due to their relatively low cost compared with establishment price surveys. This paper provides evidence of substantial bias in their representation of such price changes. Their continued use would mislead economic analysis. The paper considers the efficacy of alternative strategies for their improvement, and argues for a move to establishment-based price surveys.
Author: Mick Silver
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 40
Get Book Here
Book Description
Unit value export and import indices compiled from returns to customs authorities are often used as surrogates for price indices in the measurement of inflation transmission, terms of trade (effects), and to deflate import and export value series to derive volume series. Their widespread use is mainly due to their relatively low cost compared with establishment price surveys. This paper provides evidence of substantial bias in their representation of such price changes. Their continued use would mislead economic analysis. The paper considers the efficacy of alternative strategies for their improvement, and argues for a move to establishment-based price surveys.
Author:
Publisher:
ISBN:
Category : Consumer price indexes
Languages : en
Pages : 20
Get Book Here
Book Description
Author: OECD
Publisher: OECD Publishing
ISBN: 9264085416
Category :
Languages : en
Pages : 705
Get Book Here
Book Description
A joint production by six international organizations, this manual explores the conceptual and theoretical issues that national statistical offices should consider in the daily compilation of export and import price indices. Intended for use by both ...
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452784027
Category : Business & Economics
Languages : en
Pages : 706
Get Book Here
Book Description
"International Labour Office, International Monetary Fund, Organisation for Economic Co-operation and Development, Statistical Office of the European Communities (Eurostat), United Nations Economic Commission for Europe, The World Bank."
Author: Jemma Dridi
Publisher: International Monetary Fund
ISBN:
Category : Consumer price indexes
Languages : en
Pages : 68
Get Book Here
Book Description
Author: Bertrand Gruss
Publisher: International Monetary Fund
ISBN: 1484393856
Category : Business & Economics
Languages : en
Pages : 38
Get Book Here
Book Description
This paper presents a comprehensive database of country-specific commodity price indices for 182 economies covering the period 1962-2018. For each country, the change in the international price of up to 45 individual commodities is weighted using commodity-level trade data. The database includes a commodity terms-of-trade index—which proxies the windfall gains and losses of income associated with changes in world prices—as well as additional country-specific series, including commodity export and import price indices. We provide indices that are constructed using, alternatively, fixed weights (based on average trade flows over several decades) and time-varying weights (which can account for time variation in the mix of commodities traded and the overall importance of commodities in economic activity). The paper also discusses the dynamics of commodity terms of trade across country groups and their influence on key macroeconomic aggregates.
Author: Don A. Fast
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
The U.S. Bureau of Labor Statistics' import and export price indexes (MXPI) are published from an ever decreasing sample relative to the size of trade. The Principal Federal Economic Indicator has an opportunity to retain and regain detailed MXPI using unit values calculated from comprehensive administrative trade data. Unit values are known to be biased, although bias is less prevalent among homogeneous products. This research presents a new methodological and statistical approach to blend unit values into official price indexes. First, a proof of concept for identifying homogeneous items is based on an analysis of two export products - dairy and vegetables - for 2015-16. The results provide a prototype and a roadmap for a consistent and testable approach that aligns with the concepts in official MXPI measures, maximizes the use of high-frequency data, and mitigates unit value bias. Applying the prototype, 52 of 142 import and 50 of 129 export 5-digit BEA End Use categories are identified as homogeneous using administrative data. This coverage accounts for 35 and 39 percent of the 2016 value of imports and exports, respectively. Incorporating unit values has the potential to deepen coverage and expand publication of detailed import and export price indexes.
Author: J. D. A. Cuddy
Publisher: Lexington Books
ISBN:
Category : Business & Economics
Languages : en
Pages : 160
Get Book Here
Book Description
Author: Peter M von der Lippe
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110511126
Category : Business & Economics
Languages : en
Pages : 193
Get Book Here
Book Description
Author: Don Fast
Publisher:
ISBN:
Category : Exports
Languages : en
Pages : 29
Get Book Here
Book Description
The U.S. Bureau of Labor Statistics' import and export price indexes (MXPI) are published from an ever decreasing sample relative to the size of trade. The Principal Federal Economic Indicator has an opportunity to retain and regain detailed MXPI using unit values calculated from comprehensive administrative trade data. Unit values are known to be biased, although bias is less prevalent among homogeneous products. This research presents a new methodological and statistical approach to blend unit values into official price indexes. First, a proof of concept for identifying homogeneous items is based on an analysis of two export products -- dairy and vegetables -- for 2015-16. The results provide a prototype and a roadmap for a consistent and testable approach that aligns with the concepts in official MXPI measures, maximizes the use of high-frequency data, and mitigates unit value bias. Applying the prototype, 52 of 142 import and 50 of 129 export 5-digit BEA End Use categories are identified as homogeneous using administrative data. This coverage accounts for 35 and 39 percent of the 2016 value of imports and exports, respectively. Incorporating unit values has the potential to deepen coverage and expand publication of detailed import and export price indexes.
