skip to content
Reconciling Jaimovich-Rebelo preferences, habit in consumption and labor supply Preview this item
ClosePreview this item
Checking...

Reconciling Jaimovich-Rebelo preferences, habit in consumption and labor supply

Author: Tom D Holden; Paul Levine; Jonathan M Swarbrick; Bank of Canada.
Publisher: [Ottawa] : Bank of Canada, 2018.
Series: Staff working paper (Bank of Canada), 2018-26.
Edition/Format:   eBook : Document : National government publication : EnglishView all editions and formats
Summary:
"We propose a functional principal components method that accounts for stratified random sample weighting and time dependence in the observations to understand the evolution of distributions of monthly micro-level consumer prices for the United Kingdom (UK). We apply the method to publicly available monthly data on individual-good prices collected in retail stores by the UK Office for National Statistics for the  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Electronic books
Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Tom D Holden; Paul Levine; Jonathan M Swarbrick; Bank of Canada.
OCLC Number: 1043591760
Language Note: Includes abstract in French.
Notes: "June 2018."
Description: 1 online resource (ii, 33 pages) : charts (some color).
Series Title: Staff working paper (Bank of Canada), 2018-26.
Responsibility: by Tom D. Holden, Paul Levine and Jonathan M. Swarbrick.
More information:

Abstract:

"We propose a functional principal components method that accounts for stratified random sample weighting and time dependence in the observations to understand the evolution of distributions of monthly micro-level consumer prices for the United Kingdom (UK). We apply the method to publicly available monthly data on individual-good prices collected in retail stores by the UK Office for National Statistics for the construction of the UK Consumer Price Index from March 1996 to September 2015. In addition, we conduct Monte Carlo simulations to demonstrate the effectiveness of our methodology. Our method allows us to visualize the dynamics of the price distribution and uncovers interesting patterns during the sample period. Further, we demonstrate the efficacy of our methodology with an out-of-sample forecasting algorithm that exploits the time dependence of distributions. Our out-of-sample forecast compares favorably with the random walk forecast"--Abstract, p. ii.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/1043591760> # Reconciling Jaimovich-Rebelo preferences, habit in consumption and labor supply
    a schema:Book, schema:MediaObject, schema:CreativeWork ;
    library:oclcnum "1043591760" ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/7297457387#Place/ottawa> ; # Ottawa
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/onc> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/7297457387#Topic/general_equilibrium_theory> ; # General equilibrium theory
    schema:about <http://experiment.worldcat.org/entity/work/data/7297457387#Topic/business_cycle> ; # Business cycle
    schema:about <http://experiment.worldcat.org/entity/work/data/7297457387#Topic/labour_economics> ; # Labour economics
    schema:about <http://experiment.worldcat.org/entity/work/data/7297457387#Topic/macroeconomics> ; # Macroeconomics
    schema:about <http://experiment.worldcat.org/entity/work/data/7297457387#Topic/economics> ; # Economics
    schema:about <http://experiment.worldcat.org/entity/work/data/7297457387#Topic/economic_model> ; # Economic model
    schema:about <http://experiment.worldcat.org/entity/work/data/7297457387#Topic/economy> ; # Economy
    schema:about <http://experiment.worldcat.org/entity/work/data/7297457387#Topic/microeconomics> ; # Microeconomics
    schema:about <http://experiment.worldcat.org/entity/work/data/7297457387#Topic/economic_equilibrium> ; # Economic equilibrium
    schema:about <http://experiment.worldcat.org/entity/work/data/7297457387#Topic/dynamic_stochastic_general_equilibrium> ; # Dynamic stochastic general equilibrium
    schema:bookFormat schema:EBook ;
    schema:contributor <http://experiment.worldcat.org/entity/work/data/7297457387#Organization/bank_of_canada> ; # Bank of Canada.
    schema:contributor <http://experiment.worldcat.org/entity/work/data/7297457387#Person/swarbrick_jonathan_m> ; # Jonathan M. Swarbrick
    schema:contributor <http://experiment.worldcat.org/entity/work/data/7297457387#Person/levine_paul> ; # Paul Levine
    schema:creator <http://experiment.worldcat.org/entity/work/data/7297457387#Person/holden_tom_d> ; # Tom D. Holden
    schema:datePublished "2018" ;
    schema:description ""We propose a functional principal components method that accounts for stratified random sample weighting and time dependence in the observations to understand the evolution of distributions of monthly micro-level consumer prices for the United Kingdom (UK). We apply the method to publicly available monthly data on individual-good prices collected in retail stores by the UK Office for National Statistics for the construction of the UK Consumer Price Index from March 1996 to September 2015. In addition, we conduct Monte Carlo simulations to demonstrate the effectiveness of our methodology. Our method allows us to visualize the dynamics of the price distribution and uncovers interesting patterns during the sample period. Further, we demonstrate the efficacy of our methodology with an out-of-sample forecasting algorithm that exploits the time dependence of distributions. Our out-of-sample forecast compares favorably with the random walk forecast"--Abstract, p. ii."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/7297457387> ;
    schema:genre "Government publication"@en ;
    schema:genre "Electronic books"@en ;
    schema:genre "National government publication"@en ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://worldcat.org/issn/1701-9397> ; # Staff working paper (Bank of Canada) ;
    schema:name "Reconciling Jaimovich-Rebelo preferences, habit in consumption and labor supply"@en ;
    schema:productID "1043591760" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/1043591760#PublicationEvent/ottawa_bank_of_canada_2018> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/7297457387#Agent/bank_of_canada> ; # Bank of Canada
    schema:url <https://www.deslibris.ca/ID/10097240> ;
    schema:url <http://books.scholarsportal.info/en/read?id=/ebooks/ebooks4/cpdc4/2018-12-11/1/10097240> ;
    schema:url <http://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-5-2018-26-eng.pdf> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/1043591760> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/7297457387#Agent/bank_of_canada> # Bank of Canada
    a bgn:Agent ;
    schema:name "Bank of Canada" ;
    .

<http://experiment.worldcat.org/entity/work/data/7297457387#Person/holden_tom_d> # Tom D. Holden
    a schema:Person ;
    schema:familyName "Holden" ;
    schema:givenName "Tom D." ;
    schema:name "Tom D. Holden" ;
    .

<http://experiment.worldcat.org/entity/work/data/7297457387#Person/levine_paul> # Paul Levine
    a schema:Person ;
    schema:familyName "Levine" ;
    schema:givenName "Paul" ;
    schema:name "Paul Levine" ;
    .

<http://experiment.worldcat.org/entity/work/data/7297457387#Person/swarbrick_jonathan_m> # Jonathan M. Swarbrick
    a schema:Person ;
    schema:familyName "Swarbrick" ;
    schema:givenName "Jonathan M." ;
    schema:name "Jonathan M. Swarbrick" ;
    .

<http://experiment.worldcat.org/entity/work/data/7297457387#Topic/dynamic_stochastic_general_equilibrium> # Dynamic stochastic general equilibrium
    a schema:Intangible ;
    schema:name "Dynamic stochastic general equilibrium"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/7297457387#Topic/economic_equilibrium> # Economic equilibrium
    a schema:Intangible ;
    schema:name "Economic equilibrium"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/7297457387#Topic/general_equilibrium_theory> # General equilibrium theory
    a schema:Intangible ;
    schema:name "General equilibrium theory"@en ;
    .

<http://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-5-2018-26-eng.pdf>
    rdfs:comment "Government of Canada Publications. Freely available." ;
    .

<http://worldcat.org/issn/1701-9397> # Staff working paper (Bank of Canada) ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1043591760> ; # Reconciling Jaimovich-Rebelo preferences, habit in consumption and labor supply
    schema:issn "1701-9397" ;
    schema:name "Staff working paper (Bank of Canada) ;" ;
    schema:name "Bank of Canada staff working paper," ;
    .

<http://www.worldcat.org/title/-/oclc/1043591760>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/1043591760> ; # Reconciling Jaimovich-Rebelo preferences, habit in consumption and labor supply
    schema:dateModified "2019-05-11" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.