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A Nonhomothetic Price Index and Inflation Heterogeneity
We derive a microfounded, nonhomothetic generalization of all known superlative price indices, including the Fisher, the Törnqvist, and …
Philipp Hochmuth, Markus Pettersson, Christoffer Weissert
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A Nonhomothetic Price Index and Inflation Heterogeneity
A Distributional PCE Price Index From Aggregate Data
We propose a method for constructing nonhomothetic cost-of-living indices when detailed consumption microdata is unavailable. Aggregate …
Philipp Hochmuth, Markus Pettersson, Christoffer Weissert
A Distributional PCE Price Index From Aggregate Data