In this paper, we argue against the use the double deflation method to produce an equilibrating system of account at a constant price. In fact, by relaxing such a condition, by means of the single deflation method, we obtain a measure of purchasing power transfer that can be decomposed in productivity and market distortion. Results are presented for the evolution of the Italian economy for the periods 1995-2002.
Does deflation method matter for productivity measures? / Garau, Giorgio; Lecca, Patrizio; Schirru, Lucia. - 2009:1(2009), p. 19.
Does deflation method matter for productivity measures?
Garau, Giorgio;Lecca, Patrizio;Schirru, Lucia
2009-01-01
Abstract
In this paper, we argue against the use the double deflation method to produce an equilibrating system of account at a constant price. In fact, by relaxing such a condition, by means of the single deflation method, we obtain a measure of purchasing power transfer that can be decomposed in productivity and market distortion. Results are presented for the evolution of the Italian economy for the periods 1995-2002.File in questo prodotto:
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