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The OG against the backdrop of 150 years price index research

The OG against the backdrop of 150 years price index research. Bert M. Balk RSM Erasmus University and Statistics Netherlands bbalk@rsm.nl Panel discussion 12 October 2007. Recurrent themes in history. Quest for a general measure of ‘purchasing power’ of money.

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The OG against the backdrop of 150 years price index research

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  1. The OG against the backdrop of 150 years price index research Bert M. Balk RSM Erasmus University and Statistics Netherlands bbalk@rsm.nl Panel discussion 12 October 2007

  2. Recurrent themes in history • Quest for a general measure of ‘purchasing power’ of money. • Decomposition of nominal value change into price and quantity component. • How to compensate income of households or individuals for price level change.

  3. Areas of concentration for future work • Measures for (core) inflation. • Price and quantity indices for ‘hard-to-measure’ areas. • Analytical cost-of-living indices.

  4. A wish (but maybe a mirage) • Develop the OG website (maintained by ABS) into a focal point for all the price (and quantity) measurement research wherever executed.

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