Starzec, Christophe; Gardes, François - HAL - 2014
measuring inflation questionable and give an erroneous image of the reality. In this paper, we use the virtual price approach … (Neary, Roberts, 1980) to estimate the real inflation level in a centrally planned economy (CPE) with administrated prices …. In the first part of the paper, we discuss various methods used in CPE's to evaluate the real level of inflation by the …