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This paper examines the influence of economic liberalization and monetary growth on inflation during the transition … lasting effect on inflation; that economic liberalization broadly defined may have helped dampen price increases; and that … monetary expansion has been the fundamental determinant of inflation in the region. The paper also finds that the intensity of …
Persistent link: https://www.econbiz.de/10013317690
This paper examines the influence of economic liberalization and monetary growth on inflation during the transition … lasting effect on inflation; that economic liberalization broadly defined may have helped dampen price increases; and that … monetary expansion has been the fundamental determinant of inflation in the region. The paper also finds that the intensity of …
Persistent link: https://www.econbiz.de/10014400971
Persistent link: https://www.econbiz.de/10000831198
Persistent link: https://www.econbiz.de/10001278825
Persistent link: https://www.econbiz.de/10001657373
Persistent link: https://www.econbiz.de/10001399806
Persistent link: https://www.econbiz.de/10009633144
This paper examines, in the context of future EMU membership of the Central and Eastern European countries (CEECs), the interaction between fiscal policy and the price level in different exchange rate regimes. The theoretical framework is based on the Fiscal Theory of the Price Level (FTPL). The...
Persistent link: https://www.econbiz.de/10014108862
Persistent link: https://www.econbiz.de/10013424890
The paper examines how the evolution from a classical centrally planned economy to a more market-oriented system will enhance the linkage between the exchange rate and the domestic price level. However, during the transition--as the economy continues to be predominantly state-owned, the...
Persistent link: https://www.econbiz.de/10014396482