From Inflation to Growth: Eight Years of Transition
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Summary:
This paper reexamines growth in transition using panel data to 1997. It suggests that output has been strongly affected by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate; that structural reform has been associated with weaker output initially, but that it stimulates higher growth thereafter; and that rapid disinflation has been associated with output losses only in the presence of pegged exchange rates.
Series:
Working Paper No. 1998/100
Subject:
Disinflation Export performance Exports Inflation International trade Macrostructural analysis Prices Structural reforms
English
Publication Date:
July 1, 1998
ISBN/ISSN:
9781451852370/1018-5941
Stock No:
WPIEA1001998
Pages:
36
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