Output Changes and Inflationary Bias in Transition

Randall Filer and Jan Hanousek

Macroeconomics from University Library of Munich, Germany

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)
Pages: 17 pages
Date: 2001-02-05
Note: Type of Document - Adobe PDF; pages: 17 ; figures: included
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Citations: View citations in EconPapers (1)

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https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/0012/0012010.pdf (application/pdf)

Related works:
Working Paper: Output Changes and Inflationary Bias in Transition (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:0012010

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