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:	2000-12
Authors:	Hanousek, Jan ; Filer, Randall K.
Institutions:	Center for Economic Research and Graduate Education and Economics Institute (CERGE-EI)
Subject:	inflation \| transition \| bias \| GDP growth

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Extent:	application/pdf
Series:	CERGE-EI Working Papers.
Type of publication:	Book / Working Paper
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/10005086639