Prices in the Transition [electronic resource] : Ten Stylized Facts / Paula De Masi.
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TextSeries: IMF Working Papers; Working Paper ; No. 97/158Publication details: Washington, D.C. : International Monetary Fund, 1997Description: 1 online resource (31 p.)ISBN: 1451857543 :ISSN: 1018-5941Subject(s): Inflation Rates | Price Level | Prices | Relative Price | Relative Prices | Transition | Bulgaria | Georgia | Poland | Romania | Slovak RepublicAdditional physical formats: Print Version:: Prices in the Transition : Ten Stylized FactsOnline resources: IMF e-Library | IMF Book Store 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.
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.
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