From Inflation to Growth: Eight Years of Transition

36 Pages Posted: 15 Feb 2006

See all articles by Peter Christoffersen

Peter Christoffersen

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

Peter Doyle

International Monetary Fund (IMF) - European Department

Multiple version iconThere are 2 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: Transition, growth, inflation, disinflation

JEL Classification: E31, F43, O40, P20

Suggested Citation

Christoffersen, Peter and Doyle, Peter, From Inflation to Growth: Eight Years of Transition (July 1998). IMF Working Paper, Vol. , pp. 1-36, 1998. Available at SSRN: https://ssrn.com/abstract=882620

Peter Christoffersen (Contact Author)

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

Peter Doyle

International Monetary Fund (IMF) - European Department ( email )

700 19th St. NW
Washington, DC 20431
United States

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