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From Inflation to Growth: Eight Years of Transition

Author

Listed:
  • Mr. Peter Doyle
  • Mr. Peter F. Christoffersen

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.

Suggested Citation

  • Mr. Peter Doyle & Mr. Peter F. Christoffersen, 1998. "From Inflation to Growth: Eight Years of Transition," IMF Working Papers 1998/100, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1998/100
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