Leading Canadian economist in price index calculations receives Eugênio Gudin award

Ervin Diewert has over five decades of contributions in different fields of economics, emphasizing in particular the theoretical development and techniques for improving the calculation of price indices, an area in which he is a world leader.
Economics
21 May 2019
Leading Canadian economist in price index calculations receives Eugênio Gudin award

Canadian economist W Erwin Diewert has received the “Eugênio Gudin Award – Life Achievement” from Luiz Guilherme Schymura, Director of FGV’s Brazilian Institute of Economics (IBRE). The ceremony, held on May 7 at the FGV Cultural Center, preceded the 16th Meeting of the Ottawa Group, which brings together every two years the main specialists in consumer price indices in several countries and was headquartered for the first time in Brazil.

Diewert, from the Vancouver School of Economics at the University of British Columbia, has over five decades of contributions in different fields of economics, emphasizing in particular the theoretical development and techniques for improving the calculation of price indices, an area in which he is a world leader.

Vagner Ardeo, Deputy Director of IBRE and creator of the award, emphasizes the importance of Diewert’s election as the first winner of the Eugênio Gudin Award – a condition that places him as co-responsible for the nomination of the upcoming decorations.

“It is a very significant choice, as this prize bears the name of the precursor of the CPI and GDP calculation in Brazil,” said Ardeo, noting that the very creation of the FGV IBRE is due to Gudin’s pioneering approach.

At the ceremony, which was also marked by the presentation of Diewert’s most recent paper, “Quality Adjustment and Hedonics, the Unified Approach,” Ardeo summarized the relevance of the Canadian economist’s contribution with the following thought: “God created living beings. Humanity, the economy. And Diewert taught us how to measure it.”