From Inflation to Growth: Eight Years of Transition

37 Pages Posted: 17 Oct 2000

See all articles by Peter Christoffersen

Peter Christoffersen

University of Toronto - Rotman School of Management; Copenhagen Business School; Aarhus University - CREATES

Multiple version iconThere are 3 versions of this paper

Date Written: July 1998

Abstract

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.

Keywords: WP, exchange rate, export, output, Transition, growth, inflation, disinflation, disinflation dummy, export market growth, rate of inflation, inflation-output threshold, output loss, disinflation episode, sacrifice ratio, standard error, Exports, Export performance, Structural reforms, Baltics

JEL Classification: E31, F43, O40, P20, F10, E02

Suggested Citation

Christoffersen, Peter, From Inflation to Growth: Eight Years of Transition (July 1998). IMF Working Paper No. 1998/100, Available at SSRN: https://ssrn.com/abstract=3923365

Peter Christoffersen

University of Toronto - Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5P 3C4
Canada
416-946-5511 (Phone)

Copenhagen Business School

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark

Aarhus University - CREATES

School of Economics and Management
Building 1322, Bartholins Alle 10
DK-8000 Aarhus C
Denmark

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
320
Abstract Views
2,037
rank
93,506
PlumX Metrics