Work

Output changes and inflationary bias in transition

Year: 2000

Type: article

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.

Source: Economic Systems

DOI: 10.1007/s001830000048

Authors: Randall K. Filer, Jan Hanousek

Institutions: City University of New York, Hunter College, Center for Economic Research and Graduate Education – Economics Institute

Language: English

Topic: Post-Communist Economic and Political Transition

Subfield: Political Science and International Relations

Field: Social Sciences

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,930

Funders: European Commission, Volkswagen Foundation