VoxEU Talk Inflation

How inflation distorts relative prices

Recorded live at the PSE-CEPR Policy Forum at the Paris School of Economics. We all learn that high inflation creates price distortions. But it has been impossible to observe that effect directly – until now. Klaus Adam of the University of Mannheim has used price data to identify those elusive distortions, and he tells Tim Phillips how he did it.

Transcript: How inflation distorts relative prices

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Trascrizione: Come l'inflazione altera i prezzi relativi

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Transcription: Comment l'inflation fausse les prix relatifs

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