Abandonment of monetarism and the revival in 2000

A. Smenkovskyi V. Naidenov

Economy and Forecasting, 2001, issue 4, 72-84

Abstract: The authors disprove the dogma that funds deficit curbs inflation. Basing on the data of the breakthrough year of 2000, they show that the economic revival was, to a great extent, caused by the growth of monetization. The preconditions for curbing the inflation were created by the government's pricing and taxation policies. In order to transform the present revival into stable growth, measures are needed to encourage investments directed to output expansion. The authors describe some of such measures.

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:eip:journl:y:2001:i:4:p:72-84

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