during the first half of the 21st century is also estimated for key transition economies. …

Transition was never going to be easy, even if the long-run outlook is highly promising. Not only was the process …

of CBI in the disinflation process at different stages of transition, the main causes for inflation seem to have been … transition economies striving for EU accession, namely the Czech Republic, Hungary, Poland, Slovakia and Slovenia (CEEC-5).The …-5.Moreover, the role of CBI in bringing down inflation in the CEEC-5 at different stages of transition is briefly …

in countries in transition even though their typical goal is to disinflate instead of stabilising low inflation. On the … expectations and short-term flexibility of monetary strategy, that are attractive for economy in transition. On the other hand …, constraints imposed by period of transition as well as by openness of economy are present no matter which monetary strategy is …

of CBI in the disinflation process at different stages of transition, the main causes for inflation seem to have been … transition economies striving for EU accession, namely the Czech Republic, Hungary, Poland, Slovakia and Slovenia (CEEC-5). The …-5. Moreover, the role of CBI in bringing down inflation in the CEEC-5 at different stages of transition is briefly …

Purchasing Power Parity (PPP) for two advanced transition economies (Poland and the Czech Republic) and one lagging transition … the advanced reformers and the developed economies. However, PPP is not rejected between the two advanced transition … economies, though it is rejected between the lagging and advanced transition economies. The evolution of the real exchange rates …

characterizing disinflation programs anchored by the exchange rate. The financial system is characterized by bank dominance and … borrowers. Model dynamics simulation shows that remonetization in the wake of disinflation increases loanable funds supply and …

de jure ERBS. Output dynamics during disinflation do not differ significantly between these two groups. We conclude that …