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While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successfull transitions, the latter largely in former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10001470847
by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate …
Persistent link: https://www.econbiz.de/10012782214
by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate …
Persistent link: https://www.econbiz.de/10013212115
by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate …
Persistent link: https://www.econbiz.de/10014403461
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10014399915
economies. The paper finds that for four widely used measures of economic performance—growth, inflation, the fiscal balance, and …
Persistent link: https://www.econbiz.de/10014399961
Soviet Union, and Mongolia for the period 1989-1994. Inflation rates have declined significantly in most countries following … an inflation stabilization program. Growth resumes after stabilization occurs, typically with a lag of about two years …. Reducing inflation thus appears to be a precondition for growth. An econometric analysis of the short-run determinants of …
Persistent link: https://www.econbiz.de/10014396308
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