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Elementary index bias: evidence for the euro area from a large scanner dataset
We provide evidence on the effect of elementary index choice on inflation measurement in the euro area. Using scanner data for 15,844 individual items from 42 product categories... -
A Novel Housing Price Misalignment Indicator for Germany
From 2014 until present, housing prices in Germany have been rising faster than consumer prices in all quarters except one, raising concerns about an excessive overheating of...
