Degrees of Processing and Changes in the Cyclical Behavior of Prices in the United States, 1869-1990
Degrees of Processing and Changes in the Cyclical Behavior of Prices in the United States, 1869-1990
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1869-1990 年美国价格周期性行为的加工程度和变化
DOI：
10.2307/2601138
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发表时间：
1999
期刊：
影响因子：
--
通讯作者：
C. Hanes
中科院分区：
文献类型：
--
作者：
C. Hanes
第二次世界大战前的价格指数比战后的价格指数更重视加工程度较低的产品，这在一定程度上夸大了总产出构成随时间的变化。加工程度较低的产品的价格在水平和通货膨胀率方面尤其具有顺周期性。因此，历史和战后序列之间的比较可能会对总价格水平的周期性行为的变化给出有偏见的衡量。此外，总价格水平的变化行为必须区别于给定产品的价格变化行为，受到一定程度的处理。
Price indices for periods before the Second World War place more weight on less-processed products than do their postwar counterparts to an extent that exaggerates the change over time in the composition of aggregate output. Prices of less-processed products are especially procyclical in levels and inflation rates. Thus, comparisons between historical and postwar series can give biased measures of changes in the cyclical behavior of the aggregate price level. Also, changes in the behavior of the aggregate price level must be distinguished from changes in the behavior of prices of given products, subject to a given degree of processing.