Survey-Based Estimates of Biases in Consumer Price Indices During Transition: Evidence from Romania

Filer, Randall K.; Hanousek, Jan

doi:10.2139/ssrn.1514478

Download This Paper

Open PDF in Browser

Add Paper to My Library

Survey-Based Estimates of Biases in Consumer Price Indices During Transition: Evidence from Romania

CERGE-EI Working Paper Series No. 178

15 Pages Posted: 28 Nov 2009

See all articles by Randall K. Filer

Randall K. Filer

City University of New York, CUNY Hunter College - Department of Economics; Charles University in Prague - CERGE-EI, a joint workplace of Charles University and the Economics Institute of the Czech Academy of Sciences; University of Michigan at Ann Arbor - The William Davidson Institute; CESifo (Center for Economic Studies and Ifo Institute)

Jan Hanousek

Faculty of Business and Economics, Mendel University in Brno; Centre for Economic Policy Research (CEPR)

There are 3 versions of this paper

Date Written: May 1, 2001

Abstract

Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment. Comparisons of self-reported changes in economic welfare with changes in incomes suggest that official Romanian inflation measures may be overstated by between 100 and 300 percent at a reported annual inflation rate of 40 per cent.

JEL Classification: C8, E3, P2

Suggested Citation: Suggested Citation

Filer, Randall K. and Hanousek, Jan, Survey-Based Estimates of Biases in Consumer Price Indices During Transition: Evidence from Romania (May 1, 2001). CERGE-EI Working Paper Series No. 178, Available at SSRN: https://ssrn.com/abstract=1514478 or http://dx.doi.org/10.2139/ssrn.1514478