EconPapers    
Economics at your fingertips  
 

Inflation dynamics in Kazakhstan

Mark De Broeck, Paula De Masi and Vincent Koen ()

The Economics of Transition, 1997, vol. 5, issue 1, 195-213

Abstract: In January 1992, Kazakhstan initiated a reform programme to move towards market-determined prices. The price liberalization process was characterized by large relative price shifts and an increase in the overall price level towards those observed in market economies. The paper shows how the piecemeal manner in which prices were liberalized resulted in strong relative price variability over a prolonged period of time, against a background of high inflation. Convergence towards international relative and absolute price levels has progressed but is not complete, with prices for energy and services in particular still below market economy levels. Copyright The European Bank for Reconstruction and Development, 1997.

Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0351.1997.tb00011.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Inflation Dynamics in Kazakstan (1995) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:etrans:v:5:y:1997:i:1:p:195-213

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0967-0750

Access Statistics for this article

The Economics of Transition is currently edited by Philippe Aghion and Wendy Carlin

More articles in The Economics of Transition from The European Bank for Reconstruction and Development Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2019-06-16
Handle: RePEc:bla:etrans:v:5:y:1997:i:1:p:195-213