Prices in the Transition: Ten Stylized Facts

31 Pages Posted: 15 Feb 2006

See all articles by Vincent Koen

Vincent Koen

Organization for Economic Co-Operation and Development (OECD)

Paula DeMasi

affiliation not provided to SSRN

Date Written: November 1997

Abstract

The overall price level increased sharply in transition countries once prices were freed. Disinflation has most frequently been gradual, with prices continuing to rise rapidly in subsequent years. This paper identifies the well-known and lesser-known features of inflationary processes in central and eastern Europe, the Baltics, Russia, and other countries of the former Soviet Union on the basis of a sample of 26 countries and observations spanning the first five to seven years of transition.

Keywords: Inflation, prices, transition

JEL Classification: E31, P22, R32

Suggested Citation

Koen, Vincent and DeMasi, Paula, Prices in the Transition: Ten Stylized Facts (November 1997). IMF Working Paper No. 97/158, Available at SSRN: https://ssrn.com/abstract=882740

Vincent Koen (Contact Author)

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

Paula DeMasi

affiliation not provided to SSRN

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