From Inflation to Growth: Eight Years of Transition

July 1, 1998

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Format: Chicago

Peter Doyle, and Peter F. Christoffersen From Inflation to Growth: Eight Years of Transition, (USA: International Monetary Fund, 1998) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Disinflation, Export performance, Exports, Inflation, International trade, Macrostructural analysis, Prices, Structural reforms

Keywords: Baltics, Disinflation, Disinflation dummy, Disinflation episode, Exchange rate, Export, Export market growth, Export performance, Exports, Growth, Inflation, Inflation-output threshold, Output, Output loss, Rate of inflation, Sacrifice ratio, Standard error, Structural reforms, Transition, WP

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1998/100
Stock No:

WPIEA1001998
ISBN:

9781451852370
ISSN:

1018-5941

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