Index number theory - Revision history

Issa Rice at 02:56, 12 November 2017

2017-11-12T02:56:23Z

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	'''Index number theory''' is a field of economics that studies index numbers. It formulates new indices, describes/proves properties that these indices have, and makes recommendations of when to use each index.		'''Index number theory''' is a field of economics that studies index numbers. It formulates new indices, describes/proves properties that these indices have, and makes recommendations of when to use each index.

	Names I keep seeing: Diewert, Balk, Summers, Heston, Kravis, Geary, Khamis, Sergeev, Fisher, Prasada-Rao, Hill.		Names I keep seeing: Diewert, Balk, Summers, Heston, Kravis, Geary, Khamis, Sergeev, Fisher, Prasada-Rao, Hill, Drechsler.

	==History==		==History==

Issa Rice at 01:20, 12 November 2017

2017-11-12T01:20:13Z

← Older revision		Revision as of 01:20, 12 November 2017
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	'''Index number theory''' is a field of economics that studies index numbers. It formulates new indices, describes/proves properties that these indices have, and makes recommendations of when to use each index.		'''Index number theory''' is a field of economics that studies index numbers. It formulates new indices, describes/proves properties that these indices have, and makes recommendations of when to use each index.

	Names I keep seeing: Diewert, Balk, Summers, Heston, Geary, Khamis, Sergeev, Fisher, Prasada-Rao, Hill.		Names I keep seeing: Diewert, Balk, Summers, Heston, Kravis, Geary, Khamis, Sergeev, Fisher, Prasada-Rao, Hill.

	==History==		==History==

Issa Rice at 22:46, 11 November 2017

2017-11-11T22:46:04Z

← Older revision		Revision as of 22:46, 11 November 2017
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	'''Index number theory''' is a field of economics that studies index numbers. It formulates new indices, describes/proves properties that these indices have, and makes recommendations of when to use each index.		'''Index number theory''' is a field of economics that studies index numbers. It formulates new indices, describes/proves properties that these indices have, and makes recommendations of when to use each index.

	Names I keep seeing: Diewert, Balk, Summers, Heston, Geary, Khamis, Sergeev, Fisher, Prasada-Rao.		Names I keep seeing: Diewert, Balk, Summers, Heston, Geary, Khamis, Sergeev, Fisher, Prasada-Rao, Hill.

	==History==		==History==

Issa Rice at 00:15, 11 November 2017

2017-11-11T00:15:11Z

← Older revision		Revision as of 00:15, 11 November 2017
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	'''Index number theory''' is a field of economics that studies index numbers. It formulates new indices, describes/proves properties that these indices have, and makes recommendations of when to use each index.		'''Index number theory''' is a field of economics that studies index numbers. It formulates new indices, describes/proves properties that these indices have, and makes recommendations of when to use each index.

	Names I keep seeing: Diewert, Balk, Summers, Heston, Geary, Khamis, Sergeev, Fisher.		Names I keep seeing: Diewert, Balk, Summers, Heston, Geary, Khamis, Sergeev, Fisher, Prasada-Rao.

	==History==		==History==

Issa Rice: /* External links */

2017-11-11T00:08:04Z

External links

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	* {{T\|Timeline of economic statistics}}		* {{T\|Timeline of economic statistics}}
			* {{W\|Walter Erwin Diewert}}

	==References==		==References==

	{{reflist\|30em}}		{{reflist\|30em}}

Issa Rice at 00:05, 11 November 2017

2017-11-11T00:05:41Z

← Older revision		Revision as of 00:05, 11 November 2017
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	'''Index number theory''' is a field of economics that studies index numbers.		'''Index number theory''' is a field of economics that studies index numbers. It formulates new indices, describes/proves properties that these indices have, and makes recommendations of when to use each index.

	Names I keep seeing: Diewert, Balk, Summers, Heston, Geary, Khamis, Sergeev.		Names I keep seeing: Diewert, Balk, Summers, Heston, Geary, Khamis, Sergeev, Fisher.

	==History==		==History==

Issa Rice: /* External links */

2017-11-11T00:01:38Z

External links

← Older revision		Revision as of 00:01, 11 November 2017
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	==External links==		==External links==

			* {{T\|Timeline of economic statistics}}

	==References==		==References==

	{{reflist\|30em}}		{{reflist\|30em}}

Issa Rice: /* See also */

2017-11-11T00:00:10Z

Issa Rice: /* Why the field even exists */

2017-11-10T23:58:28Z

Why the field even exists

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	* There are literally hundreds of price indices, so discovering them and writing about their properties takes some work. In at least one case (GEKS multilateral index), an index was independently rediscovered decades later, so this isn't trivial work.		* There are literally hundreds of price indices, so discovering them and writing about their properties takes some work. In at least one case (GEKS multilateral index), an index was independently rediscovered decades later, so this isn't trivial work.
	* There are various properties that indices can satisfy, and you can't have all of them, so you have to pick the right one for your situation; specifying this decision procedure takes some work		* There are various properties that indices can satisfy, and you can't have all of them, so you have to pick the right one for your situation; specifying this decision procedure takes some work. "As with bilateral price indexes, there are a number of properties that multilateral index numbers should ideally satisfy, and since these typically cannot all be satisfied simultaneously, analysts are forced to choose guided by the purpose of the index."<ref>{{cite web \|url=https://www.princeton.edu/~deaton/downloads/PPP_Exchange_rates_may04_relabeled_mar11.pdf \|title=Purchasing power parity exchange rates from household survey data: India and Indonesia \|date=May 2004 \|first1=Angus \|last1=Deaton \|first2=Jed \|last2=Friedman \|first3=Vivi \|last3=Alatas \|accessdate=October 27, 2017}}</ref>{{rp\|5}}
	* Practically, we want to have nice things like PPP tables ([[International Comparison Program]], [[Penn World Table]], [[Maddison Project]]), price level information, cost of living information, and so on (and why do we want those things? because that's how you make certain decisions and learn about the world). But having this stuff means you have to do the calculation in the first place, and the calculation requires that you have some sort of price index.		* Practically, we want to have nice things like PPP tables ([[International Comparison Program]], [[Penn World Table]], [[Maddison Project]]), price level information, cost of living information, and so on (and why do we want those things? because that's how you make certain decisions and learn about the world). But having this stuff means you have to do the calculation in the first place, and the calculation requires that you have some sort of price index.

Issa Rice: /* Why the field even exists */

2017-11-10T23:54:17Z

Why the field even exists

← Older revision		Revision as of 23:54, 10 November 2017
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	* There are literally hundreds of price indices, so discovering them and writing about their properties takes some work. In at least one case (GEKS multilateral index), an index was independently rediscovered decades later, so this isn't trivial work.		* There are literally hundreds of price indices, so discovering them and writing about their properties takes some work. In at least one case (GEKS multilateral index), an index was independently rediscovered decades later, so this isn't trivial work.
	* There are various properties that indices can satisfy, and you can't have all of them, so you have to pick the right one for your situation; specifying this decision procedure takes some work		* There are various properties that indices can satisfy, and you can't have all of them, so you have to pick the right one for your situation; specifying this decision procedure takes some work
	* Practically, we want to have nice things like PPP tables ([[International Comparison Program]], [[Penn World Table]], [[Maddison Project]]), price level information, cost of living information, and so on. But having this stuff means you have to do the calculation in the first place, and the calculation requires that you have some sort of price index.		* Practically, we want to have nice things like PPP tables ([[International Comparison Program]], [[Penn World Table]], [[Maddison Project]]), price level information, cost of living information, and so on (and why do we want those things? because that's how you make certain decisions and learn about the world). But having this stuff means you have to do the calculation in the first place, and the calculation requires that you have some sort of price index.

	==Approaches==		==Approaches==

← Older revision		Revision as of 00:00, 11 November 2017
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	==See also==		==See also==

			* [[Comparison of PPP formulas]]

	==External links==		==External links==