Inflation in Transition Economies: How Much? and Why?

Atish Ghosh ()

No 1997/080, IMF Working Papers from International Monetary Fund

Abstract: Following very high inflation rates at the beginning of the reform process, most transition countries have succeeded in lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former Soviet Union are now typically in the range of 10–60 percent. This essay examines whether a further reduction in inflation may be necessary. It concludes that low inflation may be important for achieving remonetization of the economy and sustained output growth.

Keywords: WP; inflation rate; monetization; GDP; Transition Economies; Inflation; Growth; rate of inflation; transition economy; monetization Pr; inflation elasticity; inflation stabilization; Demand for money; Production growth; Monetary base; Public expenditure review; Baltics; Eastern Europe (search for similar items in EconPapers)
Pages: 28
Date: 1997-07-01
References: Add references at CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=2251 (application/pdf)

Related works:
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:imf:imfwpa:1997/080

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().