17th Meeting of the Ottawa Group
07 JUNE 2022
11:00 – 11:30
Registration of participants and welcome coffee
11:30 – 11:40
WELCOME AND INTRODUCTORY INFORMATION
Federico Polidoro | Istat, Roberta Zizza | Banca d’Italia
11:40 – 12:00
OPENING SPEECH
Luigi Federico Signorini | Senior Deputy Governor of Banca d’Italia
Opening Remarks
12:00 – 13:30
SESSION 1
EXPENDITURE WEIGHTS IN THE CPI, INCLUDING NEW DATA SOURCES, FREQUENCY AND TIMELINESS
Chair: 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
13:30 – 14:30
Lunch
14:30 – 16:45
SESSION 2
GOING BEYOND CPI – ALTERNATIVE/COMPLEMENTARY MEASURES OF INFLATION AND COST OF LIVING
Chair: 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
15:30 – 15:45
Coffee break
15:45 – 16:45
Cost of Living Index of an Estimated Generalized CES Utility Function that Accounts for Changes in Preferences for and Qualities of Goods
Peter Zadrozny | BLS
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
9:30 – 12:15
SESSION 3
NEW DATA SOURCES AND NEW TECHNIQUES TO COMPILE PRICE INDICES, INCLUDING THE IMPLICATIONS ON INDEX FORMULAS (Part 1)
Chair: Leigh Merrington | ABS
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
10:30 – 11:15
Coffee break and Photo session
11:15 – 12:15
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
12:15 – 12:45
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
12:45 – 14:00
Lunch
14:00 – 18:00
SESSION 4
NEW DATA SOURCES AND NEW TECHNIQUES TO COMPILE PRICE INDICES, INCLUDING THE IMPLICATIONS ON INDEX FORMULAS (Part 2)
Chair: J. Mehrhoff | IMF
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
16:00 – 16:15
Coffee break
16:15 – 17:45
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
17:45 – 18:00
Communication of the UN Task Team on Scanner Data
Tanya Flower | ONS
Abstract | Paper | Presentation
09 JUNE 2022
10:00 – 12.45
SESSION 5
MEASUREMENT OF HOUSING IN THE CPI
Chair: 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 | 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
11:30 – 11:45
Coffee break
11:45 – 12:45
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
12:45 – 13:45
Lunch
13:45 – 16:30
SESSION 6
NEW DATA SOURCES AND NEW TECHNIQUES TO COMPILE PRICE INDICES, INCLUDING THE IMPLICATIONS ON INDEX FORMULAS (Part 3)
Chair: Carsten Boldsen | UNECE
Modernising the measurement of clothing price indices using web-scraped data: classification and product grouping
Liam Greenhough, Hazel Martindale, Helen Sands | ONS
Abstract | Paper | Presentation
Web scraping of booking.com: exploring new data and methodology for the hotel service consumer price index
Adrien Montbroussous | INSEE
Abstract | Paper | Presentation
Integration of alternative data into consumer price statistics the UK approach
Helen Sands | ONS
Abstract | Paper | Presentation
15:15 – 15:30
Coffee break
15:30 – 16:30
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 Białek | University of Lodz, Statistics Poland
Abstract | Paper | Presentation
17:30
Onwards: Social event (visit+dinner)
10 JUNE 2022
10:00 – 12:30
SESSION 7
CHALLENGING AREAS OF MEASUREMENT (DIGITALISATION AND SHARED ECONOMY) AND QUALITY ADJUSTMENT (Part 1)
Chair: 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
11:00 – 11:15
Coffee break
11:15 – 12:15
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 | IMF
Abstract | Paper | Presentation
12:15 – 12:30
Information on Group of Experts 2023
Carsten Boldsen | UNECE
Abstract | Paper | Presentation
12:30 – 13:45
Lunch
13:45 – 14:00
Outlook 2024 meeting
Heidi Ertl | Statistics Canada
14:00 – 15:00
SESSION 8
CHALLENGING AREAS OF MEASUREMENT (DIGITALISATION AND SHARED ECONOMY) AND QUALITY ADJUSTMENT (Part 2)
Chair: Federico Polidoro | 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
15:00 – 15:20
CLOSING REMARKS
Gian Carlo Blangiardo | President of Istat
Closing Remarks
15:20 – 16:00
Farewell coffee break