Verfügbarkeit: Disinflation in Transition Economies

Disinflation in Transition Economies: The Role of Relative Price Adjustment

In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation resulted from insufficiently tight financial policies and wage pressures or from the protracted adjustment of relative prices. Using a new database for 21 countries, the effect of re...

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1. Verfasser:	Coorey, Sharmini (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1996
Schriftenreihe:	IMF Working Papers Working Paper No. 96/138
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation resulted from insufficiently tight financial policies and wage pressures or from the protracted adjustment of relative prices. Using a new database for 21 countries, the effect of relative price variability on inflation is estimated within a framework controlling for nominal and real shocks. Money and wage growth were the most important determinants of inflation; relative price variability had a sizable effect at high inflation during initial liberalization and a small effect at moderate inflation. Cost recovery may contribute to variability, particularly in the advanced stages of the transition
Beschreibung:	1 Online-Ressource (98 p)
ISBN:	1451930062 9781451930061

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spelling	Coorey, Sharmini Verfasser aut Disinflation in Transition Economies The Role of Relative Price Adjustment Coorey, Sharmini Washington, D.C International Monetary Fund 1996 1 Online-Ressource (98 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 96/138 In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation resulted from insufficiently tight financial policies and wage pressures or from the protracted adjustment of relative prices. Using a new database for 21 countries, the effect of relative price variability on inflation is estimated within a framework controlling for nominal and real shocks. Money and wage growth were the most important determinants of inflation; relative price variability had a sizable effect at high inflation during initial liberalization and a small effect at moderate inflation. Cost recovery may contribute to variability, particularly in the advanced stages of the transition Online-Ausg Mecagni, Mauro Sonstige oth Offerdal, Erik Sonstige oth http://elibrary.imf.org/view/IMF001/01771-9781451930061/01771-9781451930061/01771-9781451930061.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Coorey, Sharmini Disinflation in Transition Economies The Role of Relative Price Adjustment
title	Disinflation in Transition Economies The Role of Relative Price Adjustment
title_auth	Disinflation in Transition Economies The Role of Relative Price Adjustment
title_exact_search	Disinflation in Transition Economies The Role of Relative Price Adjustment
title_exact_search_txtP	Disinflation in Transition Economies The Role of Relative Price Adjustment
title_full	Disinflation in Transition Economies The Role of Relative Price Adjustment Coorey, Sharmini
title_fullStr	Disinflation in Transition Economies The Role of Relative Price Adjustment Coorey, Sharmini
title_full_unstemmed	Disinflation in Transition Economies The Role of Relative Price Adjustment Coorey, Sharmini
title_short	Disinflation in Transition Economies
title_sort	disinflation in transition economies the role of relative price adjustment
title_sub	The Role of Relative Price Adjustment
url	http://elibrary.imf.org/view/IMF001/01771-9781451930061/01771-9781451930061/01771-9781451930061.xml
work_keys_str_mv	AT cooreysharmini disinflationintransitioneconomiestheroleofrelativepriceadjustment AT mecagnimauro disinflationintransitioneconomiestheroleofrelativepriceadjustment AT offerdalerik disinflationintransitioneconomiestheroleofrelativepriceadjustment

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