Verfügbarkeit: Inflation and Stabilization in Transition Economies

Inflation and Stabilization in Transition Economies: A Comparison with Market Economies

A simple model is developed to understand inflationary pressures and stabilization in nonmarket economies. In light of the model, the paper reviews the inflation and stabilization experiences of several transition economies in Eastern Europe and the former Soviet Union. These experiences are then co...

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1. Verfasser:	Végh Gramont, Carlos A. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1995
Schriftenreihe:	IMF Working Papers Working Paper No. 95/8
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	A simple model is developed to understand inflationary pressures and stabilization in nonmarket economies. In light of the model, the paper reviews the inflation and stabilization experiences of several transition economies in Eastern Europe and the former Soviet Union. These experiences are then compared to those of high inflation market economies. The paper concludes that, despite significant differences in the economic structure and institutional framework, the inflation and stabilization experiences in transition and market economies are similar in many respects. In particular, monetary accommodation and lack of fiscal discipline are critical in sustaining inflation, and exchange rate-based anchors seem more successful than money anchors in bringing down inflation. On the other hand, wage policies appear to be more critical in reigning inflation in transition economies than in market economies
Beschreibung:	1 Online-Ressource (68 p)
ISBN:	1451842481 9781451842487

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spelling	Végh Gramont, Carlos A. Verfasser aut Inflation and Stabilization in Transition Economies A Comparison with Market Economies Végh Gramont, Carlos A Washington, D.C International Monetary Fund 1995 1 Online-Ressource (68 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 95/8 A simple model is developed to understand inflationary pressures and stabilization in nonmarket economies. In light of the model, the paper reviews the inflation and stabilization experiences of several transition economies in Eastern Europe and the former Soviet Union. These experiences are then compared to those of high inflation market economies. The paper concludes that, despite significant differences in the economic structure and institutional framework, the inflation and stabilization experiences in transition and market economies are similar in many respects. In particular, monetary accommodation and lack of fiscal discipline are critical in sustaining inflation, and exchange rate-based anchors seem more successful than money anchors in bringing down inflation. On the other hand, wage policies appear to be more critical in reigning inflation in transition economies than in market economies Online-Ausg Sahay, Ratna Sonstige oth http://elibrary.imf.org/view/IMF001/03552-9781451842487/03552-9781451842487/03552-9781451842487.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Végh Gramont, Carlos A. Inflation and Stabilization in Transition Economies A Comparison with Market Economies
title	Inflation and Stabilization in Transition Economies A Comparison with Market Economies
title_auth	Inflation and Stabilization in Transition Economies A Comparison with Market Economies
title_exact_search	Inflation and Stabilization in Transition Economies A Comparison with Market Economies
title_exact_search_txtP	Inflation and Stabilization in Transition Economies A Comparison with Market Economies
title_full	Inflation and Stabilization in Transition Economies A Comparison with Market Economies Végh Gramont, Carlos A
title_fullStr	Inflation and Stabilization in Transition Economies A Comparison with Market Economies Végh Gramont, Carlos A
title_full_unstemmed	Inflation and Stabilization in Transition Economies A Comparison with Market Economies Végh Gramont, Carlos A
title_short	Inflation and Stabilization in Transition Economies
title_sort	inflation and stabilization in transition economies a comparison with market economies
title_sub	A Comparison with Market Economies
url	http://elibrary.imf.org/view/IMF001/03552-9781451842487/03552-9781451842487/03552-9781451842487.xml
work_keys_str_mv	AT veghgramontcarlosa inflationandstabilizationintransitioneconomiesacomparisonwithmarketeconomies AT sahayratna inflationandstabilizationintransitioneconomiesacomparisonwithmarketeconomies

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