Sustained inflation in response to price liberalization (English)

The author demonstrates that sustained inflation is a predictable response to price liberalization in the countries of the former Soviet Union. The author models the phenomenon in a dynamic macroeconomic framework, and demonstrates the immediate price jump followed by sustained inflation that has characterized the transitional economies of the former Soviet Union. The author supports the theoretical derivation with a simulation exercise that demonstrates...

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Author

Conway,Patrick J.;
Document Date
1994/10/31
Document Type
Policy Research Working Paper
Report Number
WPS1368
Volume No
1
Total Volume(s)
1
Country
Europe and Central Asia,
Region
Europe and Central Asia,
Disclosure Date
2010/07/01
Doc Name
Sustained inflation in response to price liberalization
Keywords
inflation

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Citation

Conway,Patrick J..

Sustained inflation in response to price liberalization (English). Policy, Research working paper ; no. WPS 1368 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/469491468771112450

Sustained inflation in response to price liberalization (English)

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