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Statistical offices try to match item models when measuring inflation between two periods. For product areas with a high turnover of differentiated models, however, the use of hedonic indexes is more appropriate since they include the prices and quantities of unmatched new and old models. The two main approaches to hedonic indexes are hedonic imputation (HI) indexes and dummy time hedonic (DTH) indexes. This study provides a formal analysis of the difference between the two approaches for alternative implementations of the Törnqvist "superlative" index. It shows why the results may differ and discusses the issue of choice between these approaches.

Electronic books. -- local. --- Inflation (Finance). --- Price indexes. --- Finance --- Business & Economics --- Money --- Inflation (Finance) --- Price indices --- Index numbers (Economics) --- Natural rate of unemployment --- Investments: Metals --- Finance: General --- Macroeconomics --- Price Level --- Inflation --- Deflation --- Metals and Metal Products --- Cement --- Glass --- Ceramics --- General Financial Markets: General (includes Measurement and Data) --- Investment & securities --- Consumer price indexes --- Silver --- Price indexes --- Commodity markets --- Commodity exchanges --- United States

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Research summaries on (1) measuring inflation, and (2) strengthening Poverty Reduction and Growth Facility (PRGF) programs through poverty and social impact analysis (PSIA); country study on Spain; listing of contents of Vol. 53, Special Issue of IMF Staff Papers, summary of recently published IMF book entitled "IMF-Supported Programs: Recent Staff Research"; listings of recent external publications by IMF staff members, IMF Working Papers, and visiting scholars at the IMF during January-August 2006.

Exports and Imports --- Macroeconomics --- Social Services and Welfare --- Poverty and Homelessness --- Public Finance --- Price Level --- Inflation --- Deflation --- Government Policy --- Provision and Effects of Welfare Program --- Welfare, Well-Being, and Poverty: General --- Current Account Adjustment --- Short-term Capital Movements --- Aggregate Factor Income Distribution --- Metals and Metal Products --- Cement --- Glass --- Ceramics --- Social welfare & social services --- Poverty & precarity --- International economics --- Education --- Investment & securities --- Consumer price indexes --- Poverty reduction --- Poverty --- Price indexes --- Prices --- Capital account crisis --- Balance of payments --- Income distribution --- Silver --- Spain

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In this study, the following are listed: GDP by sector and expenditure, gross industrial output by sector, employment by sector, industrial employment by sector, indicators of hidden unemployment, selected labor market indicators, unemployment rate by regions, consumer price inflation and CPI weights, industrial producer prices, wages, pensions and per capita income, federal government budget execution, regional and local government operations, extrabudgetary fund operations, monetary surveys, balance of payment projections, origin of imports, composition of merchandise imports, foreign currency disbursements to the federal government, and nonsovereign/sector financial account.

Banks and Banking --- Investments: Commodities --- Money and Monetary Policy --- Public Finance --- Agribusiness --- Investments: Energy --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Agricultural Markets and Marketing --- Cooperatives --- Agriculture: General --- National Government Expenditures and Related Policies: General --- Metals and Metal Products --- Cement --- Glass --- Ceramics --- Monetary economics --- Banking --- Agriculture, agribusiness & food production industries --- Investment & securities --- Public finance & taxation --- Credit --- Agroindustries --- Agricultural commodities --- Expenditure --- Money --- Economic sectors --- Commodities --- Metals --- Banks and banking --- Agricultural industries --- Farm produce --- Expenditures, Public --- Belarus, Republic of

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El Boletín del FMI aborda de manera específica el trabajo del FMI y los grandes temas macroeconómicos y financieros internacionales y ofrece análisis sobre la evolución en los distintos países y regiones y en el mundo; información sobre las operaciones, políticas, reformas y asistencia técnica del FMI; síntesis de las principales investigaciones económicas mundiales; datos fundamentales que no suelen estar disponibles en otras fuentes, e informes sobre debates económicos y financieros que tienen lugar dentro y fuera del FMI. Este boletín de 16 páginas, publicado 12 veces al año, está orientado a una vasta audiencia, que incluye autoridades de política económica, analistas, profesionales del mundo académico y de los medios de difusión y estudiantes. Disponible en inglés, español y francés.

Banks and Banking --- Exports and Imports --- Finance: General --- Foreign Exchange --- Investments: General --- Macroeconomics --- Money and Monetary Policy --- Public Finance --- Production and Operations Management --- Current Account Adjustment --- Short-term Capital Movements --- General Financial Markets: General (includes Measurement and Data) --- Investment --- Capital --- Intangible Capital --- Capacity --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Fiscal Policy --- Macroeconomics: Production --- International Investment --- Long-term Capital Movements --- Debt --- Debt Management --- Sovereign Debt --- Metals and Metal Products --- Cement --- Glass --- Ceramics --- International economics --- Finance --- Currency --- Foreign exchange --- Monetary economics --- Banking --- Investment & securities --- Exchange rates --- Return on investment --- Emerging and frontier financial markets --- Fiscal federalism --- Capital flows --- Productivity --- Capital account liberalization --- Consumer credit --- Current account deficits --- Metal prices --- Saving and investment --- Balance of payments --- Financial services industry --- Industrial productivity --- Debts, External --- Fiscal policy --- Metals --- Prices

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En mettant l’accent sur le travail du FMI et sur les grandes questions macroéconomiques et financières internationales, le Bulletin du FMI présente une analyse des développements nationaux, régionaux et mondiaux, des informations sur le travail, les politiques, les réformes et les activités d'assistance technique du FMI, les conclusions d'études de calibre mondial, des données essentielles qui ne sont souvent pas disponibles ailleurs, ainsi que des rapports sur les discussions économiques et financières au sein du FMI et ailleurs. Publié douze fois par an, ce bulletin de seize pages s'adresse à un large public : dirigeants, analystes, chercheurs, étudiants et journalistes. Disponible en anglais, français et espagnol.

Banks and Banking --- Exports and Imports --- Finance: General --- Foreign Exchange --- Investments: General --- Macroeconomics --- Money and Monetary Policy --- Public Finance --- Production and Operations Management --- Current Account Adjustment --- Short-term Capital Movements --- General Financial Markets: General (includes Measurement and Data) --- Investment --- Capital --- Intangible Capital --- Capacity --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Fiscal Policy --- Macroeconomics: Production --- International Investment --- Long-term Capital Movements --- Debt --- Debt Management --- Sovereign Debt --- Metals and Metal Products --- Cement --- Glass --- Ceramics --- International economics --- Finance --- Currency --- Foreign exchange --- Monetary economics --- Banking --- Investment & securities --- Exchange rates --- Return on investment --- Emerging and frontier financial markets --- Fiscal federalism --- Capital flows --- Productivity --- Capital account liberalization --- Consumer credit --- Current account deficits --- Metal prices --- Saving and investment --- Balance of payments --- Financial services industry --- Industrial productivity --- Debts, External --- Fiscal policy --- Metals --- Prices