Output Changes and Inflationary Bias in Transition

Posted: 1 Mar 2001

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 (Center for Economic Research and Graduate Education - Economics Institute); University of Michigan at Ann Arbor - The William Davidson Institute; CESifo (Center for Economic Studies and Ifo Institute)

Jan Hanousek

CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute); Charles University in Prague; Academy of Sciences of the Czech Republic; Centre for Economic Policy Research (CEPR)

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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.

JEL Classification: C8, E3, P2

Suggested Citation

Filer, Randall K. and Hanousek, Jan, Output Changes and Inflationary Bias in Transition. Available at SSRN: https://ssrn.com/abstract=257294

Randall K. Filer

City University of New York, CUNY Hunter College - Department of Economics ( email )

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Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) ( email )

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University of Michigan at Ann Arbor - The William Davidson Institute

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CESifo (Center for Economic Studies and Ifo Institute)

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Jan Hanousek (Contact Author)

CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) ( email )

Politickych veznu 7
Prague 1, 111 21
Czech Republic
420 2 2400 5119 (Phone)
420 2 2421 1374 (Fax)

HOME PAGE: http://www.cerge-ei.cz

Charles University in Prague ( email )

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Czech Republic

Academy of Sciences of the Czech Republic ( email )

Narodni 3, 111 42
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Czech Republic

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

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