Index Number Biases During Price Liberalization

Index Number Biases During Price Liberalization
When a formerly centrally-planned economy frees prices and allows or compels producers to respond to market signals, conventional measures tend to severely overstate short-run output decline and inflation. In part the overstatement stems from neglect of private sector activity, or from belated recognition of inflation previously disguised as... READ MORE...

Publication date: August 1991
ISBN 9781451849776
$15.00

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