Book contents
- Frontmatter
- Epigraph
- Contents
- Figures
- Tables
- Preface
- 1 Introduction: Is Macroeconomics Useful?
- 2 Trends and Cycles, Shocks and Stability
- 3 Determinants of Aggregate Spending and Saving
- 4 Production Functions and Growth Accounting
- 5 The Macroeconomics of “the” Labor Market
- 6 Understanding US Inflation Dynamics
- 7 What Does Monetary Policy Do?
- 8 What Does Fiscal Policy Do?
- 9 Conclusion: Is (Macro)economics Useful?
- Appendix A Measuring Prices
- Appendix B Measuring Output
- Appendix C Measuring Employment
- Appendix D Seasonal Adjustment in a (Very Small) Nutshell
- Appendix E Other Odds and Ends
- Bibliography
- Index
Appendix A - Measuring Prices
Published online by Cambridge University Press: 28 March 2024
Book contents
- Frontmatter
- Epigraph
- Contents
- Figures
- Tables
- Preface
- 1 Introduction: Is Macroeconomics Useful?
- 2 Trends and Cycles, Shocks and Stability
- 3 Determinants of Aggregate Spending and Saving
- 4 Production Functions and Growth Accounting
- 5 The Macroeconomics of “the” Labor Market
- 6 Understanding US Inflation Dynamics
- 7 What Does Monetary Policy Do?
- 8 What Does Fiscal Policy Do?
- 9 Conclusion: Is (Macro)economics Useful?
- Appendix A Measuring Prices
- Appendix B Measuring Output
- Appendix C Measuring Employment
- Appendix D Seasonal Adjustment in a (Very Small) Nutshell
- Appendix E Other Odds and Ends
- Bibliography
- Index
Summary
Various measures of prices, wages, and long-run inflation expectations are described. Basic index number formulas used for price statistics and potential sources of measurement error in price data are discussed. Alternative ways to remove noise from price measures, including trimmed-mean and median approaches, are described and assessed.
Keywords
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- Information
- A Practical Guide to Macroeconomics , pp. 239 - 258Publisher: Cambridge University PressPrint publication year: 2024