Have a personal or library account? Click to login

Price Index Numbers under Large-Scale Demand Shocks–The Japanese Experience of the COVID-19 Pandemic

Open Access
|Mar 2022

References

  1. Abe, N., and D.S.P. Rao. 2020. Generalized Logarithmic Index Numbers with Demand Shocks-Bridging the Gap between Theory and Practice. Tokyo: Hitotsubashi University. (RCESR Discussion Paper Series NO.DP20-1) Available at: https://risk.ier.hit-u.ac.jp/Japanese/pdf/dp20-1_rcesr.pdf (accessed February 2022).
  2. Balk, B.M. 1989. “Changing Consumer Preferences and the Cost-of-Living Index: Theory and Nonparametric Expressions.” Journal of Economics 50(2): 157–169. DOI: https://doi.org/10.1007/BF01239124.10.1007/BF01239124
  3. Bradley, R. 2005. “Pitfalls of using unit values as a price measure or price index.” Journal of Economic and Social Measurement 30: 39–61. DOI: https://dx.doi.org/10.3233/-JEM-2005-0243.10.3233/JEM-2005-0243
  4. Diewert, W.E. 2018. Scanner Data, Elementary Price Indexes and the Chain Drift Problem. Vancouver: Vancouver school of Economics. (Microeconomics.ca working papers erwin_diewert-2018-10, revised 25 Oct 2018.) Available at: https://pubdocs.worldbank.org/en/849511558350534104/pdf/ICP-TAG03-S34-RD-Diewert-on-Scanner-Data-and-Elementary-Price-Indexes.pdf (accessed February 2022).
  5. Feenstra, R.C. 1994. “New Product Varieties and the Measurement of International Prices.” American Economic Review 84(1): 157–177. Available at: https://www.jstor.org/stable/2117976 (accessed February 2022).
  6. Fisher, F.M., and K. Shell. 1972. “Taste and Quality Change in the Pure Theory of the True Cost of Living Index.” In Price Indexes and Quality Change, edited by Zvi Griliches: 16–54. Cambridge: Harvard University Press.10.4159/harvard.9780674592582.c3
  7. Ivancic, L., W.E. Diewert, and K.J. Fox. 2011. “Scanner data, time aggregation andthe construction of price indexes.” Journal of Economerics 161(1): 24–35. DOI: https://doi.or/10.1016/i.ieconom.2010.09.003.10.1016/j.jeconom.2010.09.003
  8. Kurtzon, G. 2020. The Problem with Normalizing Preferences that Change in a Cost-of-Living Index. Washington DC: BLS (ECONOMIC WORKING PAPERS: 534) Available at: https://www.bls.gov/osmr/research-papers/2020/pdf/ec200160.pdf (accessed February 2022).
  9. Martin, R.S. 2020. Revisiting Taste Change in Cost-of-Living Measurement. Washington DC: BLS, Economic Working Papers: 515. Availabe at: https://www.bls.gov/osmr/research-papers/2019/pdf/ec190050.pdf (accessed February 2022).
  10. Neary, J.P., and K.W.S. Roberts. 1980. “The Theory of Household Behaviour under Rationing.” European Economic Review 13(1): 25–42. DOI: https://doi.org/10.1016/0014–2921(80)90045-8.10.1016/0014-2921(80)90045-8
  11. Philips, L. 1974. Applied Consumption Analysis. Amsterdam: North-Holland.
  12. Redding, S.J., and D.E. Weinstein. 2020. “Measuring Aggregate Price Indexes with Taste Shocks: Theory and Evidence for CES Preferences.” The Quarterly Journal of Economics 135(1): 503–560. DOI: https://doi.org/10.1093/qie/qiz031.10.1093/qje/qjz031
  13. Tobie, J., and H.S. Houthakker. 1950–1951. “The Effects of Rationing on Demand Elasticities.” The Review of Economic Studies 18(3): 140–153. DOI: https://doi.org/10.2307/2295974.10.2307/2295974
Language: English
Page range: 301 - 317
Submitted on: Jul 1, 2020
Accepted on: Jun 1, 2021
Published on: Mar 29, 2022
Published by: Sciendo
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2022 Naohito Abe, Toshikatsu Inoue, Hideyasu Sato, published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.