Decomposing the Changes of the Divisia Price Index: Application to Inflation in the Philippines
We propose a method to decompose the logarithmic change of the Divisia price index into the pure price effect, the preference effect and the substitution effect. Our empirical results in the Philippines shows the effects of preference change on the Divisia price index are heterogeneous but positive...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2011
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/1263 https://ink.library.smu.edu.sg/context/soe_research/article/2262/viewcontent/divisia_06_2011.pdf |
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| Institution: | Singapore Management University |
| Language: | English |