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The Walsh Index and the Theory of the "Pure" Price Index

Author

Listed:
  • Constantin ANGHELACHE

    (“Artifex” University of Bucharest)

  • Alexandru MANOLE

    (“Artifex” University of Bucharest)

  • Aurelian DIACONU

    (“Artifex” University of Bucharest)

  • Mihai GHEORGHE

    (National Institute of Statistics, Romania)

  • Luminita CIOCAN

    (Academy of Economic Studies, Bucharest)

Abstract

The main reason why price statisticians might prefer a member of the family of Lowe or fixed basket price indices is that the fixed basket concept is easy to explain to the public. Note that the Laspeyres and Paasche indices are special cases of the pure price concept if we choose the reference values for quantity. The practical problem of picking this value remains to be resolved, and that is the problem that will be addressed in this section.

Suggested Citation

  • Constantin ANGHELACHE & Alexandru MANOLE & Aurelian DIACONU & Mihai GHEORGHE & Luminita CIOCAN, 2012. "The Walsh Index and the Theory of the "Pure" Price Index," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 60(1), pages 123-126, March.
    • Handle: RePEc:rsr:supplm:v:60:y:2012:i:1:p:123-126
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