Garau, Giorgio and Lecca, Patrizio and Schirru, Lucia (2009) Does deflation method matter for productivity measures? Cagliari, CRENoS-CUEC. p. 19 (Working Papers CRENoS, 2009, 1). ISBN 978-88-8467-504-0. Working Paper.
In this paper, we argue against the use the double deflation method to produce an equilibrating system of account at a constant price. In fact, by relaxing such a condition, by means of the single deflation method, we obtain a measure of purchasing power transfer that can be decomposed in productivity and market distortion. Results are presented for the evolution of the Italian economy for the periods 1995-2002.
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