The Output-Inflation Nexus in Ukraine : Is there a Trade-Off?

Is there a Trade-Off?

The Output-Inflation Nexus in Ukraine : Is there a Trade-Off?
This paper examines whether expansionary credit policy can help sustain output growth in transition economies, with particular reference to Ukraine's experience since 1992. We find that, while real credit growth is indeed associated with higher output growth, an increase in the growth rate of nominal credit does not, in general equilibrium,... READ MORE...

Publication date: May 1996
ISBN 9781451973938
$15.00

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