Nakamura, Emi; Steinsson, Jon; Liu, Miao - National Bureau of Economic Research (NBER) - 2014
China has experienced remarkably stable growth and inflation in recent years according to official statistics. We … alternative estimates of Chinese growth and inflation. Our estimates suggest that official statistics present a smoothed version … of reality. Official inflation rose in the 2000's, but our estimates indicate that true inflation was still higher and …