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In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the relative...

In January 1992, Kazakstan initiated a reform program to move toward market-determined prices....

The overall price level increased sharply in transition countries once prices were freed....

Why is moving from moderate to low inflation almost always slow or costly? This paper answers...

Following price and exchange rate liberalization, domestic consumer prices in Russia moved closer...

Inflation in Albania fell rapidly once comprehensive stabilization policies and market-oriented...