Disinflation in Transition Economies : The Role of Relative Price Adjustment

The Role of Relative Price Adjustment

Disinflation in Transition Economies : The Role of Relative Price Adjustment
In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation resulted from insufficiently tight financial policies and wage pressures or from the protracted adjustment of relative prices. Using a new database for 21 countries, the effect of relative price variability on inflation is... READ MORE...

Publication date: December 1996
ISBN 9781451930061
$15.00

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