Output Changes and Inflationary Bias in Transition
CERGE-EI Working Paper Series No. 167
17 Pages Posted: 3 Dec 2009
There are 2 versions of this paper
Output Changes and Inflationary Bias in Transition
Date Written: December 1, 2000
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
JEL Classification: C8, E3, P2
Suggested Citation: Suggested Citation
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