Ottawa Group

International Working Group On Price Indices




Meeting: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 15 | 16 | 17

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Seventeenth Meeting of the Ottawa Group - Rome, 07-10 June 2022

Report from the Ottawa group meeting, Rome 2022


07 JUNE 2022

WELCOME
Federico Polidoro | Istat, Roberta Zizza | Banca d’Italia

SESSION 1: Expenditure weights in the CPI. Including new data sources, frequency and timeliness
Chairperson: David Fenwick | OG Steering Committee

The impact of weight shifts on inflation: Evidence for the euro area HICP
Thomas A. Knetsch, Patrick Schwind, Sebastian Weinand | Deutsche Bundesbank
Abstract | Paper | Presentation

The Adjusted Price Index and Monthly Adjusted Consumer Expenditure Basket Weights
Gerry O’Donnell, Clément Yélou | Statistics Canada
Abstract | Paper | Presentation

Empirical findings on upper-level aggregation issues in the HICP
Julika Herzberg, Thomas A. Knetsch, Dilyana Popova, Patrick Schwind, Sebastian Weinand | Deutsche Bundesbank
Abstract | Paper | Presentation

SESSION 2: Going beyond CPI - Alternative/complementary measures of inflation ad cost of living
Chairperson: Giordano Zevi | Banca d’Italia

Combining Price Indices in Temporal Hierarchies
Robert J. Hill | University of Graz, Daniel Melser | Monash University, Alicia Rambaldi | The University of Queensland, Michael Scholz | University of Klagenfurt
Abstract | Paper | Presentation

Alignment of Methodology and Scope between Services Producer Price Indices (SPPIs) and Consumer Price Indices (CPIs): developing a framework for using CPIs in SPPI calculation
Rohan Draper | Statistics Denmark, Nicklas Elversøe | Statistics Denmark, Melanie Santiago |US Bureau of Labor Statistics, Ruth Vaizner | Central Bureau of Statistics, Israel
Abstract | Paper | Presentation

Cost of Living Index of an Estimated Generalized CES Utility Function that Accounts for Changes in Preferences for and Qualities of Goods
Peter Zadrozny | Bureau of Labor Statistics
Abstract | Paper | Presentation

Seasonal Products
W. Erwin Diewert | University of British Columbia and University of New South Wales, Yoel Finkel, Doron Sayag | Central Bureau of Statistics, Israel
Abstract | Paper | Presentation


08 JUNE 2022

SESSION 3: New data sources and new techniques to compile price indices, including the implications on index formulas (Part 1)
Chairperson: Leigh Merrington | Australian Bureau of Statistics

New ways of measuring price development on consumer electronics
Kjersti Nyborg Hov, Ragnhild Nygaard | Statistics Norway
Abstract | Paper | Presentation

Household Inventory, Temporally Sales, and Price Indices
Kozo Ueda | Waseda University, Kota Watanabe | Canon Institute for Global Studies, Tsutomu Watanabe | University of Tokyo
Abstract | Paper | Presentation

A MAP for the future of prices indexes at Stats NZ
Matthew Stansfield, Frances Krsinich | Statistics New Zealand
Abstract | Paper | Presentation

What do missing prices mean for the choice of index number method with alternative data
Ben Hillman, Alex Rose, Helen Sands | ONS
Abstract | Paper | Presentation

KEYNOTE SPEECH
Some thoughts on (free) digital products, consumer prices and GDP
Paul Schreyer | Chief Statistician and Director of OECD Statistics and Data Directorate
Abstract | Paper | Presentation


SESSION 4: New data sources and new techniques to compile price indices, including the implications on index formulas (Part 2)
Chairperson: J. Mehrhoff | International Monetary Fund

Scanner Data, Chain Drift, Superlative Price Indices and the Redding-Weinstein CES Common Varieties Price Index
Naohito Abe | Hitotsubashi University, D.S. Prasada Rao | The University of Queensland and Hitsubashi Institute for Advanced Study (HIAS)
Abstract | Paper | Presentation

Stress testing multilateral price index methods: Transactions data and stockpiling during the COVID-19 pandemic
Joel Liffner, L. Merrington, Catherine Smyth, Julian Whiting | ABS Australia
Abstract | Paper | Presentation

Choice of window length and linking method for extending multilateral index series over time
Antonio Chessa, Florin Barb, Stefan Boumans | Statistics Netherlands
Abstract | Paper | Presentation

The use of weighted GEKS for the calculation of consumer price indices: an experimental application to Italian scanner data
Alessandro Brunetti, Stefania Fatello, Federico Polidoro | Istat, Tiziana Laureti | University of Tuscia, Italy
Abstract | Paper | Presentation

Seasonal Products and Multilateral Methods
Botir Radjabov | Statec Luxembourg, Ken Van Loon | Statistics Belgium
Abstract | Paper | Presentation

Multilateral indices and the relaunch problem: product clustering and alternative solutions
Jacco Daalmans | Statistics Netherlands
Abstract | Paper | Presentation

Matching, grouping and linking: What impact does the product specification have on a Fisher price index?
Claude Lamboray | Eurostat
Abstract | Paper | Presentation

Communication of the UN Task Team on Scanner Data
Tanya Flower | Office of National Statistics
Abstract | Paper | Presentation


09 JUNE 2022

SESSION 5: Measuring of housing in the CPI
Chairperson: Jan de Haan | Statistics Netherlands

Timely Rental Price Indices for thin markets: Revisiting a chained property fixed-effects estimator
Alan Bentley and Frances Krsinich | Statistics NZ
Abstract | Paper | Presentation

Measuring the Services of Durables and Owner Occupied Housing
W. Erwin Diewert | University of British Columbia and University of New South Wales, Chihiro Shimizu | Hitotsubashi University
Abstract | Paper | Paper 2 | Presentation

Bringing the Hedonic-repricing method up to date to adjust for qualitative differences in the residential real estate price index
Corinne Becker Vermeulen, Manuel Brand | Statistics Switzerland
Abstract | Paper | Presentation

The Cost of a House versus the Cost of Housing: evaluating different approaches to measuring owned accommodation in the Canadian CPI
Patrick Sabourin and Faouzi Tarkhani | Statistics Canada
Abstract | Paper | Presentation

The use of administrative data for Italian private housing rental prices index compilation
Alessandro Brunetti, Orietta Patacchia, Federico Polidoro | Istat
Abstract | Paper | Presentation

SESSION 6: New data sources and new techniques to compile price indices, including the implications on index formulas (Part 3)
Chairperson: Carsten Boldsen | United Nations Economic Commission for Europe

Modernising the measurement of clothing price indices using web-scraped data: classification and product grouping
Liam Greenhough, Hazel Martindale, Helen Sands | Office of National Statistics
Abstract | Paper | Presentation

Web scraping of booking.com: exploring new data and methodology for the hotel service consumer price index
Adrien Montbroussous | National Institute of Statistics and Economic Studies
Abstract | Paper | Presentation

Integration of alternative data into consumer price statistics the UK approach
Helen Sands | Office of National Statistics
Abstract | Paper | Presentation

Balancing the Swedish CPI
Anders Norberg, Can Tongur | Statistics Sweden
Abstract | Paper | Presentation

The general class of multilateral indices and its two special cases
Jacek Bia³ek | University of Lodz, Statistics Poland
Abstract | Paper | Presentation


10 JUNE 2022

SESSION 7: Challenging areas of measurement (Digitalisation and shared economy) and quality adjustment (Part 1)
Chairperson: Randi Johannessen | Statistics Norway

Price Setting in Online and Offline Markets Evidence from Korea
Kozo Ueda | Waseda University, Kota Watanabe | Canon Institute for Global Studies, Tsutomu Watanabe | University of Tokyo
Abstract | Paper | Presentation

Estimating the Impact of Quality Adjustment on Consumer Price Inflation
Jan-Oliver Menz, Elisabeth Wieland, Jens Mehrhoff | Deutsche Bundesbank
Abstract | Paper | Presentation

Is there a measurement bias from quality adjustment in Austria and Italy?
Bernhard Goldhammer | ECB, Cristina Conflitti | Banca d’Italia, Fabio Rumler | Oesterreichische Nationalbank, Michaela Maier | Statistics Austria
Abstract | Paper | Presentation

Le substitution bias est mort, vive le substitution bias
Jens Mehrhoff | International Monetary Fund
Abstract | Paper | Presentation

Information on Group of Experts 2023
Carsten Boldsen | United Nations Economic Commission for Europe
Abstract | Paper | Presentation

Outlook 2024 meeting
Heidi Ertl | Statistics Canada

SESSION 8: Challenging areas of measurement (Digitalisation and shared economy) and quality adjustment (Part 2)
Chairperson: Claude Lamboray | Eurostat

Quality Adjustment Methods
W. Erwin Diewert | University of British Columbia and University of New South Wales
Abstract | Paper | Presentation

Applying advanced techniques to the estimation of Multipurpose Digital Devices price indices
Kevin Roche, Lance Taylor, Roobina Keshishbanoosy | Statistics Canada
Abstract | Paper | Presentation

CLOSING REMARKS
Gian Carlo Blangiardo | President of Istat