-->Ich habe gerade mit einem Freund telefoniert und mich ein wenig über die USA-Energiepolitik unterhalten. Er erklärte mir dass die stark gestiegenen Energiekosten zwar als Wirtschaftswachstum in der Statistik auftauchen, dafür aber im Gegenzug bei der Inflation als Sonderfaktoren wieder herausgerechnet würden.


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-->vielleicht meinte er den bereinigten Kernkonsumentenpreisindex???

In den GDP Daten sind die Preise natürlich enthalten auf der anderen Seite sollten diese ja durch den GDP deflator (CPI+PPI) bereinigt werden.

Der Vergleich von GDP und Core CPI-Index führt demnach sowieso in die Irre weil Äpfel mit Birnen verglichen werden.

-->>Ich habe gerade mit einem Freund telefoniert und mich ein wenig über die USA-Energiepolitik unterhalten. Er erklärte mir dass die stark gestiegenen Energiekosten zwar als Wirtschaftswachstum in der Statistik auftauchen, dafür aber im Gegenzug bei der Inflation als Sonderfaktoren wieder herausgerechnet würden.
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Das bestätigt meine Einlassung daß momentan in der Statistik gelogen und betrogen wird daß sich die Balken biegen.
Man soll die Infla noch übersehen bis die Zinsen gestiegen sind.
Voraussichtlich will man damit überraschen und einen Run auf Sachwerte mit dem zu vielen gedruckten Fiat-Money einleiten.

Gruß EUKLID

-->demnach führt eine 'Sondersituation' wie der erwartete Krieg zu einer
'Verzerrung' des CPI, was man natürlich unbedingt raushalten will ;-)

Das wird in einem Methoden-Dokument von 1996 beschrieben; im Januar wurden
diesbez. einige Veränderungen eingeführt.
Wenn Du willst, kann ich den Link zu dem Dokument nochmal suchen.
aber vielleicht reicht auch folgendes Zitat aus dem 'King Report'
und der Crudele Artikel in der Washington Post.

Intervention analysis seasonal adjustment allows nonseasonal economic phenomena, such as outliers and level shifts, to be factored out of indexes before calculation of seasonal adjustment factors. (An outlier is an extreme value for a particular month. A level shift is a change or shift in the price level of a CPI series caused by an event, such as a sales tax increase or oil embargo, occurring over 1 or several months.) The result is an adjustment based on a representation of the series with the seasonal pattern emphasized. Intervention analysis seasonal adjustment also makes it possible to account for seasonal shifts, resulting in a better seasonal adjustment in the periods before and after the shift occurred. Not all CPI series are adjusted using intervention analysis seasonal adjustment techniques. However, for affected series, the resulting seasonal factors better represent the true seasonal pattern than factors calculated without these techniques. The seasonal factors are applied to the original unadjusted series. Level shifts and outliers, removed for the calculation of seasonal factors, are present in the seasonally adjusted series. When X-12-ARIMA is used to perform intervention analysis seasonal adjustment, unusual events are modeled as part of the seasonal adjustment process. X-12-ARIMA's built-in regression variables are used for directly estimating the effects of sudden level changes and other disruptions and removing those effects before calculation of the seasonal factors. For a comprehensive discussion of X-12-ARIMA and intervention analysis seasonal adjustment, see"Improvements to CPI Procedures for Intervention Analysis Seasonal Adjustment" in the December 1996 issue of the CPI Detailed Report.”

By JOHN CRUDELE NY POST
------------------------------------------------------------
February 25, 2003 -- THE only thing worse than having to pay so much for gasoline and heating oil is having the government pretend that prices haven't gone up very much.
Washington, in fact, is using a statistical trick that even some of its own economists can't explain. It's called"intervention analysis" - if you care to look it up - and it makes much of the increase drivers are seeing at the pump disappear.
Explaining intervention analysis is a little like describing heart surgery without using diagrams or medical terms. Or sex without using dirty words.
But this is the bottom line: If something unusual, like a war, happens that causes the cost of oil to rise, the government simply takes it out of the calculation for the consumer price index. And that's before making its normal seasonal adjustments.
In other words, Washington adjusts its energy cost figures for unusual occurrences before it again adjusts them for seasonal quirks. Alice didn't have to do this many contortions to get into Wonderland.
Grit your teeth for a minute and I'll give you the description that comes directly from the Bureau of Labor Statistics. (This is for my readers who are Wall Street/economist types and who like their facts dry and boring.)
"Intervention analysis seasonal adjustment allows nonseasonal economic phenomena, such as outliers (described as an ‘extreme value') and level shifts (a price change caused by an oil embargo, for instance) to be factored out of indexes before calculation of seasonal adjustment factors," the government explains, not doing a very good job of it.
Let me take a crack at it: You may have to pay more for a gallon of gasoline because of the fear of an Iraqi war, but the government doesn't have to count the extra cost in its inflation statistics.
Why should you care if Washington fudges its numbers?
For one thing, I would like to stop looking for gas stations at which prices have only gone up about 6 percent between December and January. That's the increase Washington recorded, even though I have personally found that a gallon of regular is up at least twice that much.
Here are some other reasons to care.
By keeping inflation artificially low, Washington can pretend that the economy is doing a lot better than it really is. And if economic policy makers believe this fallacy, they may take actions that hurt rather than help the nation.
Even more important, many retirement benefits, including Social Security, are tied to the level of consumer inflation. Cheat on the consumer price index - as Washington is doing - and you cheat retirees.
In fact, the current stat-shifting could turn out to be the biggest fleecing of the American public ever recorded. But since Washington is"intervening" in the numbers in such an official and incomprehensible manner, nobody has yet caught on.
I've mentioned in previous columns other ways in which inflation is understated. For instance, the government reduces inflation by figuring people will automatically shift to cheaper products - hamburger instead of steak - if prices go up. The same trick is accomplished by contending that prices are actually down on some products simply because the technology improves - the more bang-for-your-buck theory.
So what's really going on with energy prices and inflation?
Just last week the government issued two contradictory reports. Prices at the wholesale level rose by 1.6 percent between December and January because of energy prices, the biggest gain since 1990. If this continued, prices would be up a frightening 19 percent in 12 months.
Yet the consumer price index rose just 0.3 percent in the same period of time, or at just a 3.6 percent annual. After all the sleight of hand mentioned above, the government said energy prices rose just 4 percent for the month.
How much have energy prices really risen?
The Energy Department - which should know about these things - says gasoline prices are up 48.2 percent over the past year. But the price increase used for the CPI calculations is just 29.3 percent.
And gasoline prices rose 7 percent between early December and late January. And they are up another 13 percent since late January. Natural gas prices, meanwhile, are at their highest level in 25 months.
If you are a driver, that's why you are hurting a lot more than Washington is letting on. And if you are on Social Security, that's how you are being cheated.
* Please send e-mail to: jcrudele@nypost.com

-->>Ich habe gerade mit einem Freund telefoniert und mich ein wenig über die USA-Energiepolitik unterhalten. Er erklärte mir dass die stark gestiegenen Energiekosten zwar als Wirtschaftswachstum in der Statistik auftauchen, dafür aber im Gegenzug bei der Inflation als Sonderfaktoren wieder herausgerechnet würden.
>
>[img][/img]
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nein, die Energiekosten gehen sehrwohl in die Inflationsrate mit rein; nicht nur die gestiegenen Mineralölpreise sondern auch Erdgaspreise machen sich bemerkbar.

Aber zwei Dinge sind zu bemerken, zum einen werden die Energiekosten zusammen mit den Lebensmittelpreise bei der Kernrate herausgerechnet, diese wird für die Steigerung der staatlichen Löhne, Renten, Sozialleistungen etc. meines Wissens aber nicht mit herangezogen.

Zum anderen werden die Empfänger solcher Zahlungen aber trotzdem angeschmiert, da die Energiepreise saisonbereinigt mit reingehen. Aus einem realen Anstieg der Benzinpreise auf Jahresbasis von knapp 50%, den nun jeder dort an den Tankstellen zu löhnen hat, werden saisonbereinigt nur knapp 30%.

Nicht fair das Ganze.

Gruss
Cosa

-->m.E. ist der von Dir angeführte Fall eine hypothetische Situation; alle Vorkehrungen getroffen, aber noch nicht umgesetzt. Oder liege ich da falsch?

Die von Crudele angesprochene Differenz zwischen saisonbereinigten und realen Preisen kann schon erheblich sein.

Gruss
Cosa

-->>Ich habe gerade mit einem Freund telefoniert und mich ein wenig über die USA-Energiepolitik unterhalten. Er erklärte mir dass die stark gestiegenen Energiekosten zwar als Wirtschaftswachstum in der Statistik auftauchen, dafür aber im Gegenzug bei der Inflation als Sonderfaktoren wieder herausgerechnet würden.
>
>

-->Outliers and Level Shifts

Du bist der Experte... [img][/img]




<ul> ~ Intervention Analysis in Seasonal Adjustment</ul>