Fischer, Stanley; Sahay, Ratna; Vegh, Carlos - Volkswirtschaftliche Fakultät, … - 1996
This paper analyzes the growth and stabilization experience in 26 transition economies in eastern Europe, the former … 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 …