The Experts below are selected from a list of 122217 Experts worldwide ranked by ideXlab platform
Robert T Jensen - One of the best experts on this subject based on the ideXlab platform.
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do Consumer Price subsidies really improve nutrition
The Review of Economics and Statistics, 2011Co-Authors: Robert T Jensen, Nolan H MillerAbstract:Many developing countries use food Price subsidies or Price controls to improve the nutrition of the poor. However, subsidizing goods on which households spend a high proportion of their budget can create large wealth effects. Consumers may then substitute towards foods with higher non-nutritional attributes like taste, but lower nutritional content per unit currency, weakening or perhaps even reversing the intended impact of the subsidy. We present data from a randomized program of large Price subsidies for poor households in two provinces of China. We find that the nutritional impact caused by the subsidy was at best extremely small, and for some households actually negative.
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do Consumer Price subsidies really improve nutrition
National Bureau of Economic Research, 2010Co-Authors: Robert T Jensen, Nolan H MillerAbstract:Many developing countries use food-Price subsidies or Price controls to improve the nutrition of the poor. However, subsidizing goods on which households spend a high proportion of their budget can create large wealth effects. Consumers may then substitute towards foods with higher non-nutritional attributes (e.g., taste), but lower nutritional content per unit of currency, weakening or perhaps even reversing the intended impact of the subsidy. We analyze data from a randomized program of large Price subsidies for poor households in two provinces of China and find no evidence that the subsidies improved nutrition. In fact, it may have had a negative impact for some households.
Nolan H Miller - One of the best experts on this subject based on the ideXlab platform.
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do Consumer Price subsidies really improve nutrition
The Review of Economics and Statistics, 2011Co-Authors: Robert T Jensen, Nolan H MillerAbstract:Many developing countries use food Price subsidies or Price controls to improve the nutrition of the poor. However, subsidizing goods on which households spend a high proportion of their budget can create large wealth effects. Consumers may then substitute towards foods with higher non-nutritional attributes like taste, but lower nutritional content per unit currency, weakening or perhaps even reversing the intended impact of the subsidy. We present data from a randomized program of large Price subsidies for poor households in two provinces of China. We find that the nutritional impact caused by the subsidy was at best extremely small, and for some households actually negative.
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do Consumer Price subsidies really improve nutrition
National Bureau of Economic Research, 2010Co-Authors: Robert T Jensen, Nolan H MillerAbstract:Many developing countries use food-Price subsidies or Price controls to improve the nutrition of the poor. However, subsidizing goods on which households spend a high proportion of their budget can create large wealth effects. Consumers may then substitute towards foods with higher non-nutritional attributes (e.g., taste), but lower nutritional content per unit of currency, weakening or perhaps even reversing the intended impact of the subsidy. We analyze data from a randomized program of large Price subsidies for poor households in two provinces of China and find no evidence that the subsidies improved nutrition. In fact, it may have had a negative impact for some households.
Luis J Alvarez - One of the best experts on this subject based on the ideXlab platform.
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the impact of oil Price changes on spanish and euro area Consumer Price inflation
Economic Modelling, 2011Co-Authors: Luis J Alvarez, Samuel Hurtado, Isabel Sanchez, Carlos ThomasAbstract:This paper assesses the impact of oil Price changes on Spanish and euro area Consumer Price inflation. We find that the inflationary effect of oil Price changes in both economies is limited, even though crude oil Price fluctuations are a major driver of inflation variability. The impact on Spanish inflation is found to be somewhat higher than in the euro area. In both economies, direct effects have increased in the last decade, reflecting the higher expenditure share of households on refined oil products, whereas indirect and second-round effects seem to be losing importance.
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the impact of oil Price changes on spanish and euro area Consumer Price inflation
Documentos ocasionales - Banco de España, 2009Co-Authors: Luis J Alvarez, Samuel Hurtado, Isabel Sanchez, Carlos ThomasAbstract:This paper assesses the impact of oil Price changes on Spanish and euro area Consumer Price inflation. We find, consistently with recent international evidence, that the inflationary effect of oil Price changes is limited, even though crude oil Price fluctuations are a major driver of inflation variability. The impact on Spanish inflation is found to be somewhat higher than in the euro area. Direct effects are increasing over time, reflecting the higher spending of households on refined oil products, whereas indirect ones, defined in broad terms, are losing importance.
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Price changes in the euro area and the united states some facts from individual Consumer Price data
Journal of Economic Perspectives, 2006Co-Authors: Emmanuel Dhyne, Daniel A. Dias, Johannes Hoffmann, Luis J Alvarez, Herve Le Bihan, Giovanni Veronese, Nicole Jonker, Patrick Lunnemann, Fabio Rumler, Jouko VilmunenAbstract:Prices of goods and services do not adjust immediately in response to changing demand and supply conditions. This paper characterizes the average frequency and size of Price changes in the euro area and its member countries, investigates the determinants of the probability of Price changes, and compares the evidence for the euro area with available U.S. results. The facts documented in this paper are based on evidence from individual Price data recorded at the store level in all euro area countries except Ireland and Greece: that is in datasets covering Austria, Belgium, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Portugal, and Spain, which together account for around 97 percent of euro area GDP. The data used are the monthly Price records underlying the computation of national Consumer Price Indices and Harmonized Consumer Price Indices. These data cover a large number of products selected on the basis of extensive Household Budget Surveys.
Erwin Diewert - One of the best experts on this subject based on the ideXlab platform.
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The Consumer Price Index: Recent Developments
2013Co-Authors: Erwin DiewertAbstract:The 2004 International Labour Office Consumer Price Index Manual: Theory and Practice summarized the state of the art for constructing Consumer Price Indexes (CPIs) at that time. In the intervening decade, there have been some significant new developments which are reviewed in this paper. The CPI Manual recommended the use of chained superlative indexes for a month to month CPI. However, subsequent experience with the use of monthly scanner data has shown that a significant chain drift problem can occur. The paper explains the nature of the problem and reviews possible solutions to overcome the problem. The paper also describes the recently developed Time Dummy Product method for constructing elementary index numbers (indexes at lower levels of aggregation where only Price information is available).
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the Consumer Price index and index number purpose
Journal of economic and social measurement, 2001Co-Authors: Erwin DiewertAbstract:The paper considers the use of a Consumer Price Index (CPI) for three possible purposes: (1) as a Cost of Living Index (COLI); i.e., as a measure of the relative cost of achieving the standard of living when facing two different sets of Prices for the same group of commodities; (2) as a consumption deflator; i.e., the Price change component for a decomposition of a value ratio into Price and quantity components and (3) as a measure of general inflation. The theoretical concepts suitable for the first two purposes are laid out and the problems involved in finding practical approximations to the unobservable theoretical constructs are discussed. The concept of a conditional cost of living index is also discussed; this type of index holds constant various environmental factors. The problems involved in aggregating over groups of Consumers are also discussed. Finally, the differences between the harmonized index of Consumer Prices used in the European Union to measure general inflation and a COLI are discussed.
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index number issues in the Consumer Price index
Journal of Economic Perspectives, 1998Co-Authors: Erwin DiewertAbstract:This paper addresses the following issues: what is an appropriate theoretical Consumer Price index that statistical agencies should attempt to measure; what are some of the possible sources of biases between the fixed base Laspeyres Price index that statistical agencies produce and the theoretical cost-of-living index; and what factors will make the biases larger or smaller and how will the biases change as the general inflation rate changes? This paper addresses all of the issues mentioned above and discusses what statistical agencies can do to reduce the biases.
Felix M Muchomba - One of the best experts on this subject based on the ideXlab platform.
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how Consumer Price subsidies affect nutrition
World Development, 2015Co-Authors: Neeraj Kaushal, Felix M MuchombaAbstract:We study the effect of an exogenous increase in food grain subsidy from a program targeting the poor in rural India and find that the increase in income resulting from the subsidy increased consumption of the subsidized grains and certain more expensive sources of nutrition, lowered consumption of coarse grains, the cheaper, yet, unsubsidized staple food, and increased expenditures on nonfood items but had no effect on nutrition in poor households. Estimates of the Price effect of the subsidy on nutrition are also negligible; the Price subsidy increased consumption of wheat and rice and lowered consumption of coarse grains.
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how Consumer Price subsidies affect nutrition
National Bureau of Economic Research, 2013Co-Authors: Neeraj Kaushal, Felix M MuchombaAbstract:We study the effect on nutrition of an exogenous increase in food grain subsidy in rural India resulting from a program targeting the poor. Our analysis suggests that increase in income resulting from the food Price subsidy changed consumption patterns in favor of the subsidized grains and certain more expensive sources of calorie, and lowered consumption of coarse grains that are cheaper, yet taste-wise, inferior sources of nutrition, but had no effect on calorie, protein and fat intake in poor households. Further, our analysis shows that households allocated some of the increase in income from food Price subsidy to expenditures on non-food items. Estimates of the Price effect of food Price subsidy on the three measures of nutrition are also negligible. We find evidence that the decline in the Price of wheat and rice, changed consumption patterns toward increased consumption of wheat and rice and lower consumption of coarse grains, the unsubsidized staple food. Our analysis thus suggests that food Price subsidies are likely to affect agriculture markets without impacting nutrition.
