Inflation Accounting [electronic resource]: A Manual on National Accounting Under Conditions of High Inflation /
Hill, Peter(Statistician)
Organisation for Economic Co-operation and Development.
Organisation for Economic Co-operation and Development Statistics Directorate,Content Provider
Paris : OECD Publishing,
2003.
Most 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 seriously distorted unless special adjustment techniques are applied. By explaining these in a systematic fashion, the author brings new insights into the definition and measurement of income as well as the calculation and interpretation of price indices.
Acknowledgements  -- Introduction -- This manual and the 1993 SNA -- Contents -- Data problems -- Chapter 1. Executive Summary -- Chapter 2. The Accounting Structure and Principles of the SNA -- -Introduction -- Transactions -- The accounting structure of the SNA -- Alternative accounting procedures under high inflation -- -Annex 2.1. Barter Transactions with Time Lags -- "Loan" transactions -- Accounting for barter transactions with time lags -- Chapter 3. Constant Price Level, or CPL Accounts  -- Introduction -- Aggregation over goods and services and over intervals of time -- Accounts and inter-temporal resource allocation -- Constant price level accounts -- Reducing price variation by shortening the accounting period -- A numerical example of CPL accounts -- Alternative price levels  -- Accounts at constant intra-period prices, or CIP accounts -- Constant price level balance sheets -- Accounts in a foreign currency -- Chapter 4. Price and&nbsp;Quantity&nbsp;Measurement&nbsp; -- -Introduction  -- Price and quantity comparisons for a single product -- Aggregate price and quantity indices based on current accounts  -- Aggregate price and quantity indices based on CPL accounts  -- Annual price and quantity indices under low or zero inflation -- -Annex 4.1. Factoring Value Changes into their Price and Quantity Components at the Level -- Chapter 5. Asset Prices, Holding Gains and Indexation  -- Introduction  -- Nominal holding gains and losses -- Index linked loans and securities -- Claims in kind -- The effects of alternative numéraires on holding gains -- Conclusions -- Chapter 6. Production Accounts&nbsp;&nbsp; -- Introduction -- The recording of changes in inventories and work-in-progress -- Quarterly production accounts and CPL accounts -- Consumption of fixed capital -- Production accounts at constant intra-period prices, or CIP accounts -- Trading gains or losses on production -- -Annex 6.1. Holding Gains on Work-in-Progress -- Work-in-progress with stable prices  -- Work-in-progress with inflation  -- Work-in-progress spread over two or more accounting periods -- Chapter 7. Income Accounts&nbsp;&nbsp; -- Introduction  -- Income, saving and changes in net worth in the SNA -- The primary distribution of income account  -- Chapter 8. A General Index of Inflation&nbsp;&nbsp; -- -Introduction -- Existing price indices -- General measures of inflation -- Flows for which values are imputed -- Short term indices -- References
Bibliographic Level Mode of Issuance: Monograph
Most 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 seriously distorted unless special adjustment techniques are applied. By explaining these in a systematic fashion, the author brings new insights into the definition and measurement of income as well as the calculation and interpretation of price indices.
Economics
National income
Business & Economics
Economic History