Article in Journal
Previous-year price basis: Calculating rules for aggregation
Wolfgang Nierhaus
ifo Institut für Wirtschaftsforschung, München, 2005
ifo Schnelldienst, 2005, 58, Nr. 22, 12-16
ifo Institut für Wirtschaftsforschung, München, 2005
ifo Schnelldienst, 2005, 58, Nr. 22, 12-16
This spring, the Federal Statistical Office readjusted the calculation of real GDP from a fixed price basis to the previous year price basis. A central problem of the new volume calculation in the non-additivity of the results, i.e. the sum of the linked partial aggregates deviates, as a rule, from the value of the linked overall aggregate. For the aggregation (or disaggregation) of volumes, new methods must therefore be found. This article presents various solutions.
JEL Classification: C820,E100
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ifo Schnelldienst 22/2005
ifo Institut für Wirtschaftsforschung, München, 2005