The paper examines the effect of inflation on the growth rate in economies with underground, or ”non-market”, sectors … only cash for exchange and cannot avoid the inflation tax, while the market sector allows costly credit use. We estimate a …

Albania the importance of being aside (by M. Holzner, pp. 1-3) Keywords economic forecasts, GDP growth, inflation … constellations (by J. Pöschl, pp. 4-7) Keywords economic forecasts, GDP growth, inflation Countries covered Bosnia and Herzegovina …. 8-9) Keywords economic forecasts, GDP growth, inflation Countries covered Kazakhstan Topics Macroeconomic Analysis …

Russia in the global financial storm (by P. Havlik, pp. 1-4) Keywords economic forecasts, GDP growth, inflation …. 5-7) Keywords economic forecasts, GDP growth, inflation Countries covered Ukraine Topics Macroeconomic Analysis …, Forecasts and Policy Croatia slowing economy (by H. Vidovic, pp. 8-9) Keywords economic forecasts, GDP growth, inflation …

climate and expect the SEE-7 to return to higher growth by the year 2010. Inflation has calmed down, but it is still a matter …. Inflation calms down The whole region was hit by the external price shock that swiftly resulted in a rapid surge in domestic … restricting production. Authorities in the countries of Central, East and Southeast Europe seem to be taking the current inflation …

. Macroeconomic stability will be maintained, though inflation is picking up; and is a serious problem in Serbia and Romania …. Inflation is a major concern in Turkey, as is macroeconomic stability more fundamentally. At the end of 2006 it should be …, inflation is expected to remain in double digits. The new government is likely to be less inclined to implement liberal reforms …

(except in Hungary). Inflation slowed down to very low levels and is no longer a serious problem. Hungary and Slovakia will … Serbia, which has seen accelerating inflation, and Romania, where disinflation has been interrupted. The downside to that is …