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

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  • Jan Hanousek
  • Randall K. Filer

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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Bibliographic 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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References

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  1. Jan Hanousek & Randall K. Filer, 2000. "Output Changes and Inflationary Bias in Transition," CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economic Institute, Prague wp167, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
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Cited by:
  1. John Gibson & Steven Stillman & Trinh Le, 2004. "CPI Bias and Real Living Standards in Russia During the Transition," Working Papers in Economics, University of Waikato, Department of Economics 04/02, University of Waikato, Department of Economics.
  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 1886, CESifo Group Munich.
  3. Svejnar, Jan, 2007. "China in Light of the Performance of Central and East European Economies," IZA Discussion Papers 2791, Institute for the Study of Labor (IZA).
  4. Jan Hanousek & Randall K. Filer, 2003. "Substitution Biases in Price Indexes during Transition," Development and Comp Systems 0306002, EconWPA.
  5. Jan Hanousek & Randall K. Filer, 2004. "Consumers' Opinion of Inflation Bias Due to Quality Improvements," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan 2004-681, William Davidson Institute at the University of Michigan.
  6. Jan Hanousek & Randall K. Filer, 2001. "Evaluating Imperfections and Biases in Price Indexes during Transition," CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economic Institute, Prague wp186, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
  7. Kovács, Ilona, 2003. "A fogyasztói árindex torzító tényezői
    [Distorting factors in the consumer price index]
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 702-719.
  8. Randall K. Filer & Jan Hanousek, 2002. "Data Watch: Research Data from Transition Economies," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 16(1), pages 225-240, Winter.
  9. Martin Cincibuch & Jiri Podpiera, 2004. "Beyond Balassa - Samuelson: Real Appreciation in Tradables in Transition Countries," Working Papers, Czech National Bank, Research Department 2004/09, Czech National Bank, Research Department.
  10. Filer, Randall K. & Hanousek, Jan, 2003. "Inflationary bias in middle to late transition Czech Republic," Economic Systems, Elsevier, Elsevier, vol. 27(4), pages 367-376, December.
  11. García Solanes José, 2008. "Real Exchange Rate Appreciation in Central and Eastern European Countries. Why the Balassa-Samuelson Effect Does Not Explain the Whole Story," Working Papers, Fundacion BBVA / BBVA Foundation 2010100, Fundacion BBVA / BBVA Foundation.

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