Output Changes and Inflationary Bias in Transition

  title={Output Changes and Inflationary Bias in Transition},
  author={Randall K. Filer and Jan Hanousek},
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. 

Figures and Tables from this paper.