Economics, Econometrics and Finance
3 years ago

New study reveals hidden inflation rates in Austria from 1800-2018.

Monetary Policy & the Economy
A new long-run consumer price index for Austria (1800–2018)
Gerald Hubmann, Clemens Jobst, Michaela Maier

Paper Summary

The article presents a new consumer price index for Austria from 1800 to today. It discusses how prices have changed over time, especially during wars and economic changes. By adjusting the data, the researchers found higher inflation rates during the Napoleonic Wars and significant price increases in 1948 and 1949. The index can help convert historical prices accurately.

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