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From Inflation to Growth

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  • Peter Christoffersen
  • Peter Doyle

Abstract

This paper reexamines growth in transition using panel data to 1997. It suggests that output has been strongly affected by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate; that structural reform has been associated with weaker output initially, but that it stimulates higher growth thereafter; and that rapid disinflation has been associated with output losses only in the presence of pegged exchange rates.

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Bibliographic Info

Article provided by The European Bank for Reconstruction and Development in its journal Economics of Transition.

Volume (Year): 8 (2000)
Issue (Month): 2 (July)
Pages: 421-451

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Handle: RePEc:bla:etrans:v:8:y:2000:i:2:p:421-451

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