التفاصيل البيبلوغرافية
| العنوان: |
What explains persistent inflation differentials across transition economies?1 |
| المؤلفون: |
Felix Hammermann, Mark Flanagan |
| المصدر: |
The European Bank for Reconstruction and Development, The Economics of Transition. 17(2):297-328 |
| سنة النشر: |
2009 |
| الوصف: |
We document that a persistent inflation differential has opened across different groups of transition economies since 2001, with the CIS‐West seeing particularly high outcomes. We consider a range of non‐monetary explanations discussed in the literature (economic structure, policy and institutions), and controlling for economic shocks, we find a role for political stability, as emphasized in previous cross‐country work. However, our results suggest that lagging internal and external liberalization have been the key disincentives to disinflation. Consequently, lower inflation targets would not be credible in the absence of stronger structural and monetary policy frameworks. |
| نوع الوثيقة: |
redif-article |
| اللغة: |
English |
| DOI: |
10.1111/j.1468-0351.2009. |
| الإتاحة: |
https://ideas.repec.org/a/bla/etrans/v17y2009i2p297-328.html |
| رقم الأكسشن: |
edsrep.a.bla.etrans.v17y2009i2p297.328 |
| قاعدة البيانات: |
RePEc |
