Verfügbarkeit: 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 recog...

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1. Verfasser:	Osband, Kent (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1991
Schriftenreihe:	IMF Working Papers Working Paper No. 91/76
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	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 quality improvements. Even when individual prices and outputs are correctly measured, however, shifts in relative prices consequent to price decontrol create a serious aggregation problem. Moreover, the standard indices ignore the deflationary trends in black markets. Superior growth and inflation indices are devised using a combination of official and black market prices
Beschreibung:	1 Online-Ressource (33 p)
ISBN:	145184977X 9781451849776

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spelling	Osband, Kent Verfasser aut Index Number Biases During Price Liberalization Osband, Kent Washington, D.C International Monetary Fund 1991 1 Online-Ressource (33 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 91/76 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 quality improvements. Even when individual prices and outputs are correctly measured, however, shifts in relative prices consequent to price decontrol create a serious aggregation problem. Moreover, the standard indices ignore the deflationary trends in black markets. Superior growth and inflation indices are devised using a combination of official and black market prices Online-Ausg http://elibrary.imf.org/view/IMF001/03486-9781451849776/03486-9781451849776/03486-9781451849776.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Osband, Kent Index Number Biases During Price Liberalization
title	Index Number Biases During Price Liberalization
title_auth	Index Number Biases During Price Liberalization
title_exact_search	Index Number Biases During Price Liberalization
title_exact_search_txtP	Index Number Biases During Price Liberalization
title_full	Index Number Biases During Price Liberalization Osband, Kent
title_fullStr	Index Number Biases During Price Liberalization Osband, Kent
title_full_unstemmed	Index Number Biases During Price Liberalization Osband, Kent
title_short	Index Number Biases During Price Liberalization
title_sort	index number biases during price liberalization
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