The End of Moderate Inflation in Three Transition Economies?
dc.contributor.author | Brada, Josef C. | en_US |
dc.contributor.author | Kutan, Ali M. | en_US |
dc.date.accessioned | 2006-08-01T15:45:57Z | |
dc.date.available | 2006-08-01T15:45:57Z | |
dc.date.issued | 2002-01-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2001-433 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/39817 | en_US |
dc.description.abstract | This paper examines the moderation of inflation in three transition economies, the Czech Republic, Hungary and Poland at the end of the 1990s. We argue that the institutions for the conduct of monetary policy in these countries were relatively weak and that monetary policy was unsupported by fiscal policy and hampered by multiple objectives. Using a VAR model of inflation, we show that, under a variety of assumptions, foreign prices and the persistence of inflation were the key determinants of inflation in these countries. From this finding we conclude that the moderation of inflation in the Czech Republic, Hungary and Poland was due largely to the decline in import prices from 1997 on, and thus it is likely be a temporary phenomenon. | en_US |
dc.format.extent | 73337 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 190044 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 433 | en_US |
dc.subject | Monetary and Fiscal Policy, Transition Economies, Moderate Inflation and Inflation Targeting | en_US |
dc.subject.other | P2, E5 | en_US |
dc.title | The End of Moderate Inflation in Three Transition Economies? | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/39817/3/wp433.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.