{"id":451516,"date":"2026-07-30T11:16:30","date_gmt":"2026-07-30T09:16:30","guid":{"rendered":""},"modified":"2026-07-30T11:16:31","modified_gmt":"2026-07-30T09:16:31","slug":"the-impact-of-price-adjustment-methods-on-the-measurement-of-economic-performance-in-times-of-crisis","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/451516\/","title":{"rendered":"The Impact of Price Adjustment Methods on the Measurement of Economic Performance in Times of Crisis"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-451516","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Different price adjustment methods can yield different real GDP growth rates. While differences are usually small, the COVID-19 pandemic and the ensuing inflation shock caused major shifts in production and consumption components \u2013 and thus in the weights used for price adjustment. Using EU National Accounts data (2019-2023), this article examines how sensitive GDP growth rates are to four different price adjustment methods, based on previous-year weights (chain-linking), current-year weights, the Fisher index, and weights from a fixed 2019 base year. GDP growth differs by up to 1.4 percentage points in individual years, with cumulative growth differences reaching 1.8 percentage points.","onlinedate":"2026-07-30 09:16:32","lang":"German","publication_series":"","publication_date":"20260730","publication_date_year":"","publication_date_full":true,"publication_num_pages":"","keywords":"[]","jelcodes":"[\"E01\",\"E3\"]","related_publications":"[\"c3d1ca08-1b75-4e51-af3a-99a433de9e56\",\"b3ae149d-c171-404c-91a6-c941fd41d15d\",\"5c7d9ebf-626c-4a1f-a335-47ddd0d02d45\",\"36aa7268-2962-4e65-b577-3fecf43b49c6\"]","pdf":451518,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"99","monthly_report_pages":"371-378","monthly_report_pages_sort":"371","issue":"7","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3837],"persons_data":"[{\"personId\":3837,\"personName\":\"Marcus Scheiblecker\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[\"Czaloun Astrid\",\"Pl\u00f6chl Victoria\"]","scientific_review":"[\"Bilek-Steindl Sandra\"]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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