Prices in the Transition : Ten Stylized Facts

Author/Editor:

Paula De Masi ; Vincent Koen

Publication Date:

November 1, 1997

Electronic Access:

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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:

The overall price level increased sharply in transition countries once prices were freed. Disinflation has most frequently been gradual, with prices continuing to rise rapidly in subsequent years. This paper identifies the well-known and lesser-known features of inflationary processes in central and eastern Europe, the Baltics, Russia, and other countries of the former Soviet Union on the basis of a sample of 26 countries and observations spanning the first five to seven years of transition.

Series:

Working Paper No. 97/158

Subject:

English

Publication Date:

November 1, 1997

ISBN/ISSN:

9781451857542/1018-5941

Stock No:

WPIEA1581997

Format:

Paper

Pages:

31

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