Inflation in Albania

December 1, 2000

Preview Citation

Format: Chicago

Philipp C Rother. Inflation in Albania, (USA: International Monetary Fund, 2000) accessed November 21, 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

As Albania has succeeded in reducing inflation to very low levels, understanding the driving forces behind the behavior of the price level becomes increasingly important for policy design. In particular, persistent changes in relative prices may contribute to movements of the aggregate price level, and policymakers need to decide to what extent such effects should be accommodated. The present study provides insight into the nature and extent of relative price adjustments during the transition period, and argues that some of their inflationary effects should not be resisted.

Subject: Consumer price indexes, Inflation, Monetary base, Money, Price adjustments, Price controls, Prices

Keywords: Albania's inflation experience, Broad money, Consumer price indexes, Cost-recovery mechanism, Eastern Europe, Inflation, Inflation effect, Inflation performance, Inflation rates in Albania, Interest rate variable, Market economy, Monetary base, Price adjustments, Price change, Price controls, Price level, Price liberalization, Service price, Transition economies, Trend inflation, WP

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2000/207
Stock No:

WPIEA2072000
ISBN:

9781451874648
ISSN:

1018-5941

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