moderate and inflation high. Executive Directors have advised that the focus should be on reducing fiscal vulnerabilities …, lowering inflation, promoting a stronger and more competitive banking system, and creating a favorable environment for …

-over-year inflation declined from 7.2 percent at end-2002 to 3.5 percent in March 2004. IMF staff analysis suggests that the widening of …

This paper provides model-based projections of inflation, and quantifies the impact of the factors that determine … inflation. The reasons behind the poor labor market performance in Greece and the remedial policies are discussed. The new …

This Selected Issues paper looks at short-term inflation dynamics in the new member states (NMS) of the European Union …, focusing on the role of monetary policy regimes. It models the determinants of inflation in the NMS and assesses how different … of NMS, evaluates their role in reducing inflation, and identifies some of their distinctive characteristics. The paper …

This Selected Issues paper analyzes current developments and outlook for inflation in the Czech Republic. Inflation in … koruna in mid-1997 pushed year-over-year inflation to more than 13 percent. The paper presents the IMF staff analysis that … shows that without interest rate increases, inflation is likely to begin to rise above the midpoint of the Czech National …

moderate inflation, and quantifies the disinflation costs in these countries. It compares the Russian economy with the sample … countries. The paper concludes that a relatively rapid reduction of core inflation from above 10 percent in 2002 to less than 5 …