Survey-Based Estimates of Biases in Consumer Price Indices during Transition: Evidence from Romania
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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References listed on IDEAS
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- Paula De Masi & Vincent Koen, 1997. "Prices in the Transition; Ten Stylized Facts," IMF Working Papers 97/158, International Monetary Fund.
- 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 - Economics Institute, Prague.
- Randall K. Filer & Jan Hanousek, 2001. "Output Changes and Inflationary Bias in Transition," Macroeconomics 0012010, EconWPA.
- Jan Hanousek & Randall K. Filer, 2001.
"Consumers' Opinion of Inflation Bias Due to Quality Improvements in Transition in the Czech Republic,"
Development and Comp Systems
- Jan Hanousek & Randall K. Filer, 2001. "Consumers' Opinion of Inflation Bias Due to Quality Improvements in Transition in the Czech Republic," CERGE-EI Working Papers wp184, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
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