Disinflation in transition 1993-97 /
Cottarelli, Carlo, 1954-
Disinflation in transition 1993-97 / Carlo Cottarell amd Peter Doyle. - Washington, D.C. : International Monetary Fund, 1999 - ix, 46 p. : il. - Occasional paper ; 179 0251-6365 . - Occasional paper (Fondo Monetario Internacional) 110 .
Bibliografía: p. 42-44.
Preface -- 1. Introduction -- 2. Inflation developments -- 3. Desinflation, output and the current account balance -- 4. Inflation inertia, credibility and desinflation -- 5. Persistent moderate inflation -- 6. Conclusion -- Appendices: relation between inflation and output in transition revisited -- financial stability.
The latest in a series of papers published by the International Monetary Fund on economies in transition examines the experience of disinflation in Central and Eastern Europe, the Baltics, Russia, and other countries of the former Soviet Union between 1993 and 1997. The paper reviews the economic policies underlying the dramatic drop in inflation during those years as well as other variables that facilitated the disinflation and notes that the adjustment of fiscal fundamentals was the driving force behind the disinflation, while nominal anchoring arrangements played a less prominent role. This was contrary to developments in countries, for example, in Latin America, that had experienced high inflation for a long period of time.
1557757976
POLITICA MONETARIA
ESTABILIZACION ECONOMICA
INFLACION
EUROPA CENTRAL Y ORIENTAL
332.41094
Disinflation in transition 1993-97 / Carlo Cottarell amd Peter Doyle. - Washington, D.C. : International Monetary Fund, 1999 - ix, 46 p. : il. - Occasional paper ; 179 0251-6365 . - Occasional paper (Fondo Monetario Internacional) 110 .
Bibliografía: p. 42-44.
Preface -- 1. Introduction -- 2. Inflation developments -- 3. Desinflation, output and the current account balance -- 4. Inflation inertia, credibility and desinflation -- 5. Persistent moderate inflation -- 6. Conclusion -- Appendices: relation between inflation and output in transition revisited -- financial stability.
The latest in a series of papers published by the International Monetary Fund on economies in transition examines the experience of disinflation in Central and Eastern Europe, the Baltics, Russia, and other countries of the former Soviet Union between 1993 and 1997. The paper reviews the economic policies underlying the dramatic drop in inflation during those years as well as other variables that facilitated the disinflation and notes that the adjustment of fiscal fundamentals was the driving force behind the disinflation, while nominal anchoring arrangements played a less prominent role. This was contrary to developments in countries, for example, in Latin America, that had experienced high inflation for a long period of time.
1557757976
POLITICA MONETARIA
ESTABILIZACION ECONOMICA
INFLACION
EUROPA CENTRAL Y ORIENTAL
332.41094