Drift in Producer Price Indexes for the Former Soviet Union (FSU) Countries

Drift in Producer Price Indexes for the Former Soviet Union (FSU) Countries
The purpose of this paper is to show that, under the price fluctuations that characterize most transition economies, the commonly used chain index derived from the published month-to-month price change of the PPI in some cases dramatically overstates the rate of price inflation. The analysis is based in part on a seminal paper by Szulc, who... READ MORE...

Publication date: March 1994
ISBN 9781451978476
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