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

Posted: 15 Nov 2002

See all articles by Jan Hanousek

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)

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)

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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

Hanousek, Jan and Filer, Randall K., Survey-Based Estimates of Biases in Consumer Price Indices During Transition: Evidence from Romania. Available at SSRN: https://ssrn.com/abstract=350001

Jan Hanousek (Contact Author)

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

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Randall K. Filer

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