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

Jan Hanousek and Randall Filer

CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague

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.

JEL-codes: C8 E3 P2 (search for similar items in EconPapers)
Date: 2001-05
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Citations: View citations in EconPapers (12)

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Journal Article: Survey-Based Estimates of Biases in Consumer Price Indices during Transition: Evidence from Romania (2002)
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