Neither hedonic nor matched-model techniques are sufficient to deal with the introduction of wholly new products that differ fundamentally in their characteristics from their predecessors. This will continue to be one of our major ongoing challenges.
On the contrary, progress with fiscal consolidation has generally been too slow and majority of countries have yet to achieve a situation which, in broader view, might be judged as sustainable in the medium term. One may also assess the satisfactory element of an institutional transition by looking at some more indirect measures.