Disinflation in Transition: 1993-97

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Disinflation in Transition: 1993-97 by Peter Mr. Doyle, Carlo Mr. Cottarelli, INTERNATIONAL MONETARY FUND
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Author: Peter Mr. Doyle, Carlo Mr. Cottarelli ISBN: 9781452785301
Publisher: INTERNATIONAL MONETARY FUND Publication: August 23, 1999
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Peter Mr. Doyle, Carlo Mr. Cottarelli
ISBN: 9781452785301
Publisher: INTERNATIONAL MONETARY FUND
Publication: August 23, 1999
Imprint: INTERNATIONAL MONETARY FUND
Language: English

The latest in a series of papers published by the International Monetary Fund on economies in transition examines the experience of disinflation in Central and Eastern Europe, the Baltics, Russia, and other countries of the former Soviet Union between 1993 and 1997. The paper reviews the economic policies underlying the dramatic drop in inflation during those years as well as other variables that facilitated the disinflation and notes that the adjustment of fiscal fundamentals as the driving force behind the disinflation, while nominal anchoring arrangements played a less prominent role. This was contrary to developments in countries, for example, in Latin America, that had experienced high inflation for a long period of time.

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The latest in a series of papers published by the International Monetary Fund on economies in transition examines the experience of disinflation in Central and Eastern Europe, the Baltics, Russia, and other countries of the former Soviet Union between 1993 and 1997. The paper reviews the economic policies underlying the dramatic drop in inflation during those years as well as other variables that facilitated the disinflation and notes that the adjustment of fiscal fundamentals as the driving force behind the disinflation, while nominal anchoring arrangements played a less prominent role. This was contrary to developments in countries, for example, in Latin America, that had experienced high inflation for a long period of time.

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