VIII Prices in the Transition: Ten Stylized Facts
Author: Mr. Vincent Koen1 and Ms. Paula De Masi
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Language:
English
Keywords:
WEFS; employment; goods; economy; deindustrialization; consumer price price level; level ratio; price level disparity; liberalization sequence; goods price; Inflation; Price structures; Consumer prices; Consumer price indexes; Food prices; Baltics

Abstract

The overall price level increased sharply in transition countries once prices were freed. Disinflation has most fre—uently been gradual, with prices continuing to rise rapidly in subseuent years. This paper identifies the well- and lesser-known features of inflationary processes in central and eastern Europe, the Baltic countries, Russia, and other countries of the former Soviet Union based on a sample of 26 countries and observations spanning the first five to seven years of transition. [JEL: E31, P22, R32]

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Cover Staff Studies for the World Economic Outlook, 1997
Staff Studies for the World Economic Outlook, 1997
Author: International Monetary Fund
ISBN:
9781557757012
ISSN:
0258-7440
Publication Date:
16 Jan 1998
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557757012.083
Pages:
156