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Author:Imai, H.
Title:Inflationary pressure in China's consumption goods market: estimation and analysis
Journal:Developing Economies
1994 : JUN, VOL. 32:2, p. 127-154
Index terms:ESTIMATION
CHINA
CONSUMPTION
Language:eng
Abstract:The author examined the sources of biases in China's official CPIs in order to determine whether the CPI-based rate of inflation accurately represents the inflationary pressure in China's consumption goods market. Although a downward bias due to covert price hikes has been suspected, the CPI was largely consistent with a unit price-based parallel index constructed with disaggregated retail sales data. China's macroeconomic policy has become more expansionary.
SCIMA record nr: 115859
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