A New Long-Run Consumer Price Index for Austria, 1800-2018

被引:3
|
作者
Hubmann, Gerald [1 ]
Jobst, Clemens [2 ]
Maier, Michaela [3 ]
机构
[1] Oesterreich Nat Bank, Abt Volkswirtschaftl Anal, Otto Wagner Pl 3, A-1090 Vienna, Austria
[2] Univ Wien, Inst Wirtschafts & Sozialgeschichte, Univ Ring 1, A-1010 Vienna, Austria
[3] Stat Austria, Direkt Volkswirtschaft Preise & Paritaten, Guglgasse 13, A-1110 Vienna, Austria
关键词
Cost of Living Index; Consumer Price Index; Austria; Historic Reconstruction; Inflation;
D O I
10.25162/vswg-2020-0002
中图分类号
K [历史、地理];
学科分类号
06 ;
摘要
Indices of the development of consumer prices in Vienna or Austria date back to the year 1800. This article presents the first systematically documented and chained consumer price index for Austria spanning the period from 1800 to today. The selection of the series and the problems that arise in chaining them through wars, currency reforms and changes in index methodology are discussed in detail. We also propose adjustments to the constituent series which, compared to series used in previous research, yield significantly higher inflation rates during the Napoleonic Wars and a more pronounced deflation after their end, as well as a steeper price increase in 1948 and 1949. Finally, this article will examine the suitability of consumer price indices for the conversion of historical prices. This article includes a table containing annual index values. Monthly series are available online at DOI: 10.15456/vswg.2020009.155049.
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页码:47 / 85
页数:39
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