Following very high inflation rates at the beginning of the reform process, most transition countries have succeeded in … lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former … Soviet Union are now typically in the range of 10–60 percent. This essay examines whether a further reduction in inflation …

It has been argued that higher levels of inflation lead to greater uncertainty about future inflation and to greater … dispersion of relative prices. In either case, inflation could reduce the efficiency of market prices in coordinating economic … activities. This paper shows that the rise of inflation in Colombia, from low levels in the 1950s to average rates of 18 …

by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate …

times. An inflation shock only slightly reduces the debt ratio for a few quarters. A positive growth shock unambiguously …

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 …