Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment … real output and living standards during the transition may be a statistical artifact rather than a real phenomenon. …

The transition from a planned to a market oriented economy requires a complex amalgam of stabilization, liberalization … safety for citizens during the transition process. Reference: Challenge, May/June 1990, pp. 46-53 …

sequence of institutional, macroeconomic and monetary reform aimed at achieving a stable transition. An egalitarian … reforms if the transition process is to achive the goals of efficiency and equity. The paper is to be published in the Cato …

In this paper we analyse the driving forces of the transition from plan to market in China. A two segments and two … sectors model is constructed to take into account the particular economic situation in China during the transition process: a … large agricultural sector and an industrial sector; a large centrally planned segment and a market segment. The transition …

liberalization policies designed to provide the necessary, albeit not sufficient conditions, for a transition from a planned to a … composed of “citizen shares” to cushion the disruptions and lessen the hardships of the transition process. This paper …