Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment …. Comparisons of self-reported changes in economic welfare with changes in incomes suggest that official Romanian inflation measures … may be overstated by between 100 and 300 percent at a reported annual inflation rate of 40 per cent …

Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment …. Comparisons of self-reported changes in economic welfare with changes in incomes suggest that official Romanian inflation measures … may be overstated by between 100 and 300 percent at a reported annual inflation rate of 40 per cent …

Why is inflation, 15 years after transition started, still considerably higher in Romania than in the eight EU member … decompose the inflation differential between Romania and the EU-8. The decomposition suggests that neither the revenue, nor the … balance of payments, nor the financial stability motive are driving inflation; rather structural differences are at play. The …