Survey-based Estimates of Biases in Consumer Price Indices During Transition: Evidence from Romania
AbstractMismeasurement 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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Bibliographic InfoPaper provided by The Center for Economic Research and Graduate Education - Economic Institute, Prague in its series CERGE-EI Working Papers with number wp178.
Date of creation: May 2001
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- Filer, Randall K. & Hanousek, Jan, 2002. "Survey-Based Estimates of Biases in Consumer Price Indices during Transition: Evidence from Romania," Journal of Comparative Economics, Elsevier, vol. 30(3), pages 476-487, September.
- 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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