Inflation Accounting: A Manual on National Accounting Under Conditions of High Inflation

Many countries have suffered from inflation within recent memory and countries in Latin America and the former Soviet Union have lived with very high rates of inflation for several years. Under inflation, national accounts at current as well as at constant prices will be severely distorted unless special adjustment techniques are applied. This book explains these techniques, bringing new insights into the definition and measurement of income as well as calculation and interpretation of price indices.