This paper presents evidence on the behavior of output and inflation in the transition economies during 1992-95. A …

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 …

poor are more likely than the rich to mention inflation as a top national concern. This result survives several robustness … percentage decline in poverty, and the percentage change in the real minimum wage - are negatively correlated with inflation in … pooled cross-country samples. High inflation tends to lower the share of the bottom quintile and the real minimum wage - and …

Inflation persists at moderate rates (15-30 percent) in all the countries that successfully reduced triple …-digit inflation in the 1980s. Several other countries--for example, Colombia--have experienced moderate inflation for prolonged … periods. The authors introduce types of theories of persistent inflation. Theories emphasizing seigniorage as a source of …