Decomposing the changes of the Divisia price index: Application to inflation in the Philippines
We decompose the logarithmic change in the Divisia price index into the pure price, substitution, and preference effects, although the latter two effects are hard to distinguish in practice. This decomposition allows us to identify the incidence and contributing factors of inflation. In the Philippi...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2013
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/1518 https://ink.library.smu.edu.sg/context/soe_research/article/2517/viewcontent/EB_13_V33_I1_P51.pdf |
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| Institution: | Singapore Management University |
| Language: | English |