Output Changes and Inflationary Bias in Transition

Randall Filer () and Jan Hanousek ()

Macroeconomics from EconWPA

Abstract: 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.

Keywords: Inflation; Transition; Bias; GDP growth (search for similar items in EconPapers)
JEL-codes: C8 E3 P2 (search for similar items in EconPapers)
Date: Written 2001-02-05
Note: Type of Document - Adobe PDF; pages: 17 ; figures: included
View list of references

Downloads: (external link)
http://129.3.20.41/eps/mac/papers/0012/0012010.pdf (application/pdf)

Related works:
Working Paper: Output Changes and Inflationary Bias in Transition (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Access Statistics for this paper

More papers in Macroeconomics from EconWPA
Series data maintained by EconWPA ().