A web-based tool for adjusting costs to a specific target currency and price year

Ian Shemilt, James Thomas, Marcello Morciano

Research output: Contribution to journalArticlepeer-review

128 Citations (Scopus)

Abstract

Objective: To develop a web-based tool to automate the adjustment of estimates of costs drawn from previously published or unpublished studies to a specified target currency and price year.
Methods: A web-based tool was programmed using C#, utilising GDP deflator index values and Purchasing Power Parities conversion rates produced by the International Monetary Fund and the Organisation for Economic Co-operation and Development.
Results: Version 1.0 is available at http://eppi.ioe.ac.uk/costconversion/default.aspx
Conclusions: The tool can be used as a first-line approach to cost adjustment in non-healthcare applications and as an optional approach in healthcare applications when use of more sophisticated methods is not feasible.
Original languageEnglish
Pages (from-to)51-59
Number of pages9
JournalEvidence and Policy
Volume6
Issue number1
Publication statusPublished - Jan 2010

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