Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy:
This paper examines the influence of economic liberalization and monetary growth on inflation during the transition from central plan to market. It concludes that price decontrol had a substantial, one-time effect on the price level but no lasting effect on inflation; that economic liberalization br...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1999
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Schriftenreihe: | IMF Working Papers
Working Paper No. 99/76 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper examines the influence of economic liberalization and monetary growth on inflation during the transition from central plan to market. It concludes that price decontrol had a substantial, one-time effect on the price level but no lasting effect on inflation; that economic liberalization broadly defined may have helped dampen price increases; and that monetary expansion has been the fundamental determinant of inflation in the region. The paper also finds that the intensity of liberalization has been related to geographic proximity to market economies, to the size of the underground economy, and to the degree of political freedom |
Beschreibung: | 1 Online-Ressource (24 p) |
ISBN: | 1451849850 9781451849851 |
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spelling | Hernández-Catá, Ernesto Verfasser aut Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy Hernández-Catá, Ernesto Washington, D.C International Monetary Fund 1999 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 99/76 This paper examines the influence of economic liberalization and monetary growth on inflation during the transition from central plan to market. It concludes that price decontrol had a substantial, one-time effect on the price level but no lasting effect on inflation; that economic liberalization broadly defined may have helped dampen price increases; and that monetary expansion has been the fundamental determinant of inflation in the region. The paper also finds that the intensity of liberalization has been related to geographic proximity to market economies, to the size of the underground economy, and to the degree of political freedom Online-Ausg http://elibrary.imf.org/view/IMF001/05400-9781451849851/05400-9781451849851/05400-9781451849851.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Hernández-Catá, Ernesto Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy |
title | Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy |
title_auth | Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy |
title_exact_search | Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy |
title_exact_search_txtP | Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy |
title_full | Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy Hernández-Catá, Ernesto |
title_fullStr | Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy Hernández-Catá, Ernesto |
title_full_unstemmed | Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy Hernández-Catá, Ernesto |
title_short | Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy |
title_sort | price liberalization money growth and inflation during the transition to a market economy |
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