Economic Measurement Initiative

The appropriate measurement of economic variables is of high importance as data of economic variables is used by a wide range of researchers and policy decision makers, spanning the social sciences, humanities and the physical sciences. Therefore, the research undertaken by the Economic Measurement Initiative is dedicated to improving measurement techniques of economic variables to more accurately reveal empirical facts. To achieve its aim the initiative applies advanced and innovative tools from economic theory, econometrics, aggregation theory, experimental economics, mathematics, and statistics. The initiative research areas include: performance measurement, inflation measurement, index number theory, functional form specification and measurement issues in international comparisons.