From Inflation to Growth : Eight Years of Transition

Author/Editor:

Peter Doyle ; Peter F. Christoffersen

Publication Date:

July 1, 1998

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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. 98/100

Subject:

English

Publication Date:

July 1, 1998

ISBN/ISSN:

9781451852370/1018-5941

Stock No:

WPIEA1001998

Format:

Paper

Pages:

36

Please address any questions about this title to publications@imf.org