This paper discusses commodity prices might serve as a useful leading indicator of inflation, based on the relative importance of flexible auction markets for the determination of these prices. They thus may have a tendency to respond relatively quickly, especially in response to monetary...

This paper describes the functioning of labor markets and to eliminate other structural obstacles to noninflationary growth. The decline in the price level in the home country will involve a rise in the real money supply and, if output is sluggish, this will result in an excess supply of money....

In this study, the following statistical data are presented in detail: GDP at constant factor cost, saving and investment, selected agricultural production, selected industrial production, consumer price indices, summary accounts of the consolidated public sector, central government expenditure,...