From Inflation to Growth

Peter Christoffersen and Peter Doyle

The Economics of Transition, 2000, vol. 8, issue 2, 421-451

Abstract: This paper reexamines growth in transition using panel data to 1997. It suggests that output has been strongly affected by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate; that structural reform has been associated with weaker output initially, but that it stimulates higher growth thereafter; and that rapid disinflation has been associated with output losses only in the presence of pegged exchange rates.

Date: 2000
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