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Survey-based Estimates of Biases in Consumer Price Indices During Transition: Evidence from Romania

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Author Info
Jan Hanousek
Randall K. Filer

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Abstract

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.

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Publisher Info
Paper provided by The Center for Economic Research and Graduate Education - Economic Institute, Prague in its series CERGE-EI Working Papers with number wp178.

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Date of creation: May 2001
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Handle: RePEc:cer:papers:wp178

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Find related papers by JEL classification:
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

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Jan Hanousek & Randall K. Filer, 2000. "Output Changes and Inflationary Bias in Transition," CERGE-EI Working Papers wp167, The Center for Economic Research and Graduate Education - Economic Institute, Prague. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Jan Hanousek & Randall K. Filer, 2002. "Consumers' Opinion of Inflation Bias Due to Quality Improvements," Hunter College Department of Economics Working Papers 02/8, Hunter College: Department of Economics. [Downloadable!]
    Other versions:
  2. José García-Solanes & Francisco I. Sancho-Portero & Fernando Torrejón-Flores, 2007. "Beyond the Salassa-Samuelson Effect in some New Member States of the European Union," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
  3. Jan Hanousek & Randall K. Filer, 2003. "Substitution Biases in Price Indexes during Transition," Development and Comp Systems 0306002, EconWPA. [Downloadable!]
  4. Jan Hanousek & Randall K. Filer, 2001. "Evaluating Imperfections and Biases in Price Indexes during Transition," CERGE-EI Working Papers wp186, The Center for Economic Research and Graduate Education - Economic Institute, Prague. [Downloadable!]
  5. Martin Cincibuch & Jiri Podpiera, 2004. "Beyond Balassa - Samuelson: Real Appreciation in Tradables in Transition Countries," Working Papers 2004/09, Czech National Bank, Research Department. [Downloadable!]
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  6. Jan Svejnar, 2007. "China in Light of the Performance of Central and East European Economies," IZA Discussion Papers 2791, Institute for the Study of Labor (IZA). [Downloadable!]
  7. Randall K. Filer & Jan Hanousek, 2001. "Data Watch: Research Data from Transition Economies," William Davidson Institute Working Papers Series 416, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
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