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

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.
978-88-8467-504-0
Does deflation method matter for productivity measures? / Garau, Giorgio; Lecca, Patrizio; Schirru, Lucia. - 2009:1(2009), p. 19.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11388/263472
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