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2 results on '"costs of public goods"'

1. Alternative measures of price inflation and the perception of real income in Germany.

Author

Israel, Karl‐Friedrich and Schnabl, Gunther

Subjects
PRICE inflation, REAL income, CONSUMER price indexes, PRICE indexes, PUBLIC goods, REAL property
Abstract

Since the 1980s inflationary pressures seem to materialise over‐proportionately outside sectors of consumer goods and services. We combine the Harmonised Index of Consumer Prices with indices for asset prices, such as stocks and real estate, as well as a proxy for the costs of public goods to develop alternative inflation measures in Germany since the introduction of the Euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation estimates. Both turn out to be negative over the past decade in the most pessimistic scenarios. [ABSTRACT FROM AUTHOR]

Published
2024
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2. Alternative Measures of Price Inflation and the Perception of Real Income in Germany

Author

Israel, Karl-Friedrich and Schnabl, Gunther

Subjects
O11, hidden inflation, costs of public goods, monetary policy, real wages, harmonized index of consumer prices, assets prices, inflation targeting, Germany, ddc:330, E58, inflation, E52, E31, real economic growth
Abstract

Since the 1980s inflationary pressures seem to materialize overproportionately outside of the sectors of consumer goods and services. We combine the Harmonized Index of Consumer Prices with indices for asset prices, such as stocks and real estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation estimates. Both turn out to be negative over the past decade in the most pessimistic scenarios.

Published
2020

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