Lequiller, François I.; Zieschang, Kimberly D. - In: IMF Staff Papers 41 (1994) 3, pp. 526-532
This paper shows that, under the price fluctuations that characterize most transition economies, the commonly used chain index derived from the published month-to-month price change of the producer price index (PPI) in most cases dramatically overstates the rate of price inflation. This drift,...