From Inflation to Growth; Eight Years of Transition
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.
Year of publication: |
1998-07-01
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Authors: | Doyle, Peter ; Christoffersen, Peter F. |
Institutions: | International Monetary Fund (IMF) |
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