From Inflation to Growth : Eight Years of Transition

This paper reexamines growth in transition using panel data to 1997. It suggests that output has been strongly affected by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate; that structural reform has been associated with weaker output initially, but that it stimulates higher growth thereafter; and that rapid disinflation has been associated with output losses only in the presence of pegged exchange rates.
Publication date: July 1998
ISBN: 9781451852370
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Inflation , Inflation , Transition , growth , disinflation , monetary fund , costs of inflation , moderate inflation , inflation rates

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