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 base...

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Detaylı Bibliyografya
Yazar: Zieschang, Kimberly
Diğer Yazarlar: Lequiller, Francois
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 1994.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 1994/035
Konular:
Online Erişim:Full text available on IMF
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100 1 |a Zieschang, Kimberly. 
245 1 0 |a Drift in Producer Price Indexes for the Former Soviet Union (FSU) Countries /  |c Kimberly Zieschang, Francois Lequiller. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1994. 
300 |a 1 online resource (12 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 studies the problem of drift for a wide class of index formulae, and in part on the observations of price movements made by the Fund's missions. Greatest during the year 1992, the drift declines with slower rates of inflation and, possibly, with changing patterns of price increases, but is still important for countries such as Russia, where monthly inflation continues to run well into the double digits. 
538 |a Mode of access: Internet 
650 7 |a Price Fluctuation  |2 imf 
650 7 |a Price Movement  |2 imf 
650 7 |a Price Relative  |2 imf 
650 7 |a Producer Price Indicator  |2 imf 
650 7 |a WP  |2 imf 
651 7 |a Russian Federation  |2 imf 
700 1 |a Lequiller, Francois. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1994/035 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1994/035/001.1994.issue-035-en.xml  |z IMF e-Library