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Survey-based Estimates of Biases in Consumer Price Indices During

Author

Listed:
  • Randall K. Filer

    (Hunter College The City University of New York ; CERGE-EI)

  • Jan Hanousek

    (CERGE-EI)

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.

Suggested Citation

  • Randall K. Filer & Jan Hanousek, 2001. "Survey-based Estimates of Biases in Consumer Price Indices During," Econometrics 0106001, EconWPA.
  • Handle: RePEc:wpa:wuwpem:0106001 Note: Type of Document - Acrobat PDF; pages: 15 ; figures: included
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    File URL: http://econwpa.repec.org/eps/em/papers/0106/0106001.pdf
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    References listed on IDEAS

    as
    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 - Economics Institute, Prague.
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    Cited by:

    1. García-Solanes, José & Sancho-Portero, F. Israel & Torrejón-Flores, Fernando, 2008. "Beyond the Balassa-Samuelson effect in some new member states of the European Union," Economic Systems, Elsevier, vol. 32(1), pages 17-32, March.
    2. Randall K. Filer & Jan Hanousek, 2002. "Data Watch: Research Data from Transition Economies," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 225-240, Winter.
    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).

    More about this item

    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

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