This paper presents evidence on the behavior of output and inflation in the transition economies during 1992-95. A regression analysis explores the differences in output performance across the transition economies during this period. The paper then engages in a numerical, somewhat speculative,...

This paper analyzes the growth and stabilization experience in 26 transition economies in eastern Europe, the former Soviet Union, and Mongolia for the period 1989-1994. Inflation rates have declined significantly in most countries following an inflation stabilization program. Growth resumes...

In the wake of the Asian and Russian financial crises, the CEP convened a one day meeting of policymakers and academics to examine the prospects for reform of the international monetary system in December 1998. This Special Report records the main areas of discussion and includes revised...