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Routledge Economics and the Price Index - Routledge (Vol. 111)

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Description

This comprehensive examination of price indices explores one of economics' most fundamental concepts and institutional tools. The work investigates how price indices serve as essential measures for understanding changes in living costs across different time periods, examining the mathematical relationships and methodological foundations that underpin their construction and application. The book addresses the critical principle of chain consistency, which requires that price index ratios across multiple time periods maintain logical coherence. By analysing the interplay between price data, quantity information, and the choice of reference periods, this volume provides readers with a thorough understanding of how statistical offices calculate and interpret price indices in economic analysis. Part of the prestigious Routledge Frontiers of Political Economy series, this book combines theoretical rigour with practical insights into index number theory and its real-world economic implications.

Key Features

Explores price indices as established economic institutions and statistical tools used by statistical offices worldwide.

Examines chain consistency principles that ensure price index ratios across multiple periods maintain logical and mathematical coherence.

Analyses the relationship between price data, quantity information, and reference period selection in index construction.

Part of Routledge Frontiers of Political Economy series volume 111, offering advanced perspectives on economic measurement.

Addresses the methodological foundations underlying how price indices measure changes in the cost of living standards.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
26 November 2008
Listed Since
12 March 2008

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