Inflation in Transition Economies
AbstractFollowing very high inflation rates at the beginning of the reform process, most transition countries have succeeded in lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former Soviet Union are now typically in the range of 10–60 percent. This essay examines whether a further reduction in inflation may be necessary. It concludes that low inflation may be important for achieving remonetization of the economy and sustained output growth.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 97/80.
Date of creation: 01 Jul 1997
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