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Inflation Accounting For The Federal Republic Of Germany Results Using Different Deflator Price Indices

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  • Hheinrich Lützel

Abstract

The purpose of inflation accounting as proposed by Jack Hibbert1 is to show the changes in purchasing power of the assets and liabilities by sectors resulting from general price movements. This paper shows the results of inflation accounting for the Federal Republic of Germany on the basis of complete balance sheets for the sectors “Private households,”“Enterprises,”“General government” and “Rest of the world” in 1980. It is evident that the results of inflation accounting depend to a high degree on the kind of price index which is used as an indicator of the changes in the purchasing power of money in general. The price index for inflation accounting should in general be selected according to the aim of the analysis. On the other hand, however, the validity of the results of inflation accounting depends on and is limited by the price index chosen for that purpose. The figures presented also show that the results of inflation accounting depend to a high degree on whether estimates of the value of tangible assets are included or not. This holds for reproducible tangible assets as well as for land.

Suggested Citation

  • Hheinrich Lützel, 1985. "Inflation Accounting For The Federal Republic Of Germany Results Using Different Deflator Price Indices," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 31(3), pages 207-221, September.
    • Handle: RePEc:bla:revinw:v:31:y:1985:i:3:p:207-221
    DOI: 10.1111/j.1475-4991.1985.tb00509.x
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