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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Dettagli Bibliografici
Autore principale: Osband, Kent
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 1991.
Serie:IMF Working Papers; Working Paper ; No. 1991/076
Accesso online:Full text available on IMF