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Inflation Dynamics in Kazakstan

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  • International Monetary Fund

Abstract

In January 1992, Kazakstan initiated a reform program to move toward market-determined prices. The price liberalization process was characterized by large relative price shifts and an increase in the overall price level toward those observed in market economies. The paper shows how the piecemeal manner in which prices were liberalized resulted in strong relative price variability over a prolonged period of time, against a background of high inflation. Convergence toward international relative and absolute price levels has progressed but is not complete, with prices for energy and services in particular still below market economy level.

Suggested Citation

  • International Monetary Fund, 1995. "Inflation Dynamics in Kazakstan," IMF Working Papers 1995/140, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1995/140
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=1987
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    Cited by:

    1. Mark De Broeck & Paula De Masi & Vincent Koen, 1997. "Inflation dynamics in Kazakhstan1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 5(1), pages 195-213, May.

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