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5 A Note on Inflation

5 A Note on Inflation »

Source: Moderate Inflation : The Experience of Transition Economies: The Experience of Transition Economies

Series: Books

Author(s): Carlo Cottarelli , and Gyorgy Szapary

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1998

ISBN: 9781557756992

Keywords: inflation, monetary policy, relative price, moderate inflation, money growth

Inflation has been one of the most discussed subjects in economics in the last three decades, and justifiably so. This seminar on moderate inflation has clearly shown that, in spite of all the work done, the...

Background Papers

Background Papers »

Source: Moderate Inflation : The Experience of Transition Economies: The Experience of Transition Economies

Series: Books

Author(s): Carlo Cottarelli , and Gyorgy Szapary

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1998

ISBN: 9781557756992

Keywords: inflation, monetary policy, relative price, moderate inflation, money growth

...

Comment

Comment »

Source: Moderate Inflation : The Experience of Transition Economies: The Experience of Transition Economies

Series: Books

Author(s): Carlo Cottarelli , and Gyorgy Szapary

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1998

ISBN: 9781557756992

Keywords: inflation, monetary policy, relative price, moderate inflation, money growth

It is a great pleasure for me to take part in this seminar and to comment on the paper by Burton and Fischer. This is very much a work in progress, which makes it a little difficult to comment on it. But let...

Comment

Comment »

Source: Moderate Inflation : The Experience of Transition Economies: The Experience of Transition Economies

Series: Books

Author(s): Carlo Cottarelli , and Gyorgy Szapary

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1998

ISBN: 9781557756992

Keywords: inflation, monetary policy, relative price, moderate inflation, money growth

The paper by Begg discusses disinflation experiences in 13 countries of Central and Eastern Europe. At the start of the transition from centrally planned to market-oriented systems, these 13 countries had a...

Comment

Comment »

Source: Moderate Inflation : The Experience of Transition Economies: The Experience of Transition Economies

Series: Books

Author(s): Carlo Cottarelli , and Gyorgy Szapary

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1998

ISBN: 9781557756992

Keywords: inflation, monetary policy, relative price, moderate inflation, money growth

Unlike many former socialist economies, Hungary did not suffer from very high inflation during the initial phases of its transition to a market economy. But its rate of inflation remains high by the standard...

Comment

Comment »

Source: Moderate Inflation : The Experience of Transition Economies: The Experience of Transition Economies

Series: Books

Author(s): Carlo Cottarelli , and Gyorgy Szapary

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1998

ISBN: 9781557756992

Keywords: inflation, monetary policy, relative price, moderate inflation, money growth

The paper by Surányi and Vincze provides a clear and stimulating analysis of the past and present causes of inflation in Hungary as well as of the components of a policy package that would be needed to disin...

7 Comments on the Appropriate Speed of Disinflation

7 Comments on the Appropriate Speed of Disinflation »

Source: Moderate Inflation : The Experience of Transition Economies: The Experience of Transition Economies

Series: Books

Author(s): Carlo Cottarelli , and Gyorgy Szapary

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1998

ISBN: 9781557756992

Keywords: inflation, monetary policy, relative price, moderate inflation, money growth

We have a disagreement among the conference participants over the issue of whether we should strive for a “fast” or a “slow” process of disinflation. First, let us agree on a common terminology, at least for...

2 Disinflation in Central and Eastern Europe: The Experience to Date

2 Disinflation in Central and Eastern Europe: The Experience to Date »

Source: Moderate Inflation : The Experience of Transition Economies: The Experience of Transition Economies

Series: Books

Author(s): Carlo Cottarelli , and Gyorgy Szapary

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1998

ISBN: 9781557756992

Keywords: inflation, monetary policy, relative price, moderate inflation, money growth

This paper examines disinflation during the 1990s in 13 transition economies of Central and Eastern Europe. 1 It is helpful to distinguish two stages of transition to date: initia...

Disinflation in Transition Economies

Disinflation in Transition Economies »

Source: Disinflation in Transition Economies : The Role of Relative Price Adjustment

Volume/Issue: 1996/138

Series: IMF Working Papers

Author(s): Sharmini Coorey , Mauro Mecagni , and Erik Offerdal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1996

ISBN: 9781451930061

Keywords: inflation, relative price, money growth, relative price variability, inflation rate

In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation resulted from insufficiently tight financial policies and wage pressures or from the protracted...

10 Disinflation in Transition Economies: The Role of Relative Price Adjustment

10 Disinflation in Transition Economies: The Role of Relative Price Adjustment »

Source: Moderate Inflation : The Experience of Transition Economies: The Experience of Transition Economies

Series: Books

Author(s): Carlo Cottarelli , and Gyorgy Szapary

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1998

ISBN: 9781557756992

Keywords: inflation, monetary policy, relative price, moderate inflation, money growth

Although most of the former centrally planned economies experienced very high rates of inflation at the beginning of their transition, many have succeeded in lowering inflation to intermediate levels of abou...