Output Changes and Inflationary Bias in Transition

Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment. Reasonable estimates of the size of the inflationary bias in the Czech Republic suggest that conventionally reported declines in real output and living standards during the transition may be a statistical artifact rather than a real phenomenon.

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Year of publication:	2001-02-05
Authors:	Filer, Randall K. ; Hanousek, Jan
Institutions:	EconWPA
Subject:	Inflation \| Transition \| Bias \| GDP growth

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Extent:	application/pdf
Series:	Macroeconomics.
Type of publication:	Book / Working Paper
Notes:	Type of Document - Adobe PDF; pages: 17 ; figures: included 17 pages
Classification:	C8 - Data Collection and Data Estimation Methodology; Computer Programs ; E3 - Prices, Business Fluctuations, and Cycles ; P2 - Socialist Systems and Transitional Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005126136