Output Changes and Inflationary Bias in Transition
AbstractMismeasurement 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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Bibliographic InfoPaper provided by The Center for Economic Research and Graduate Education - Economic Institute, Prague in its series CERGE-EI Working Papers with number wp167.
Date of creation: Dec 2000
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inflation; transition; bias; GDP growth;
Other versions of this item:
- Randall K. Filer & Jan Hanousek, 2001. "Output Changes and Inflationary Bias in Transition," Macroeconomics 0012010, EconWPA.
- C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
- P2 - Economic Systems - - Socialist Systems and Transition Economies
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- International Monetary Fund, 2000. "The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union - A View from the Supply Side," IMF Working Papers 00/32, International Monetary Fund.
- Gylfason, Thorvaldur & Herbertsson, Tryggvi Thor, 1996.
"Does Inflation Matter for Growth?,"
CEPR Discussion Papers
1503, C.E.P.R. Discussion Papers.
- Paula De Masi & Vincent Koen, 1997. "Prices in Transition - Ten Stylized Facts," IMF Working Papers 97/158, International Monetary Fund.
- Vincent Koen, 1995. "Price Measurement and Mismeasurement in Central Asia," IMF Working Papers 95/82, International Monetary Fund.
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