Output Changes and Inflationary Bias in Transition
Mismeasurement 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.
|Date of creation:||Dec 2000|
|Date of revision:|
|Contact details of provider:|| Postal: P.O. Box 882, Politickych veznu 7, 111 21 Praha 1|
Phone: (+420) 224 005 123
Fax: (+420) 224 005 333
Web page: http://www.cerge-ei.cz
More information through EDIRC
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.:
- Gylfason, Thorvaldur & Herbertsson, Tryggvi Thor, 1996.
"Does Inflation Matter for Growth?,"
CEPR Discussion Papers
1503, C.E.P.R. Discussion Papers.
- Vincent Koen, 1995. "Price Measurement and Mismeasurement in Central Asia," IMF Working Papers 95/82, International Monetary Fund.
- 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.
- Paula De Masi & Vincent Koen, 1997. "Prices in the Transition: Ten Stylized Facts," IMF Working Papers 97/158, International Monetary Fund.
When requesting a correction, please mention this item's handle: RePEc:cer:papers:wp167. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jana Koudelkova)
If references are entirely missing, you can add them using this form.