Articlehybrid2000

Output changes and inflationary bias in transition

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Post-Communist Economic and Political Transition Monetary Policy and Economic Impact Historical Economic and Social Studies

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.

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1976Exact and superlative index numbers 1990Creating a Market Economy in Eastern Europe: The Case of Poland 1923The Making of Index-Numbers.1939The Problem of the True Index of the Cost of Living 2001Does inflation matter for growth?1998Index Number Issues in the Consumer Price Index 2016European Bank for Reconstruction and Development (EBRD)1995Axiomatic and Economic Approaches to Elementary Price Indexes

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2004Consumers' Opinion of Inflation Bias Due to Quality Improvements

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