Importing Credible Monetary Policy: A Way for Transition Economies to Fight Inflation?

Steven Kreft () and Elham Mafi-Kreft ()

No 2004-17, Working Papers from Indiana University, Kelley School of Business, Department of Business Economics and Public Policy

Abstract: In the 1990s, transition economies were rearranging their monetary regimes. This paper compares the chosen regimes based on the level of discretionary power and the ability to control inflation. Results show that non-discretionary regimes produce lower and more stable inflation.

Date: 2004
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http://kelley.iu.edu/riharbau/RePEc/iuk/wpaper/bepp2004-17-mafi-kreft-kreft.pdf (application/pdf)

Related works:
Journal Article: Importing credible monetary policy: A way for transition economies to fight inflation? (2006)
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