TY  - BOOK
AU  - Cottarelli,Carlo
AU  - Doyle,Peter
TI  - Disinflation in transition 1993-97
T2  - Occasional paper
SN  - 1557757976
U1  - 332.41094 21
PY  - 1999///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - POLITICA MONETARIA
KW  - ESTABILIZACION ECONOMICA
KW  - INFLACION
KW  - EUROPA CENTRAL Y ORIENTAL
N1  - 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
N2  - 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
ER  -