Fischer, Stanley; Sahay, Ratna; Vegh, Carlos A. - In: Journal of Economic Perspectives 10 (1996) 2, pp. 45-66
former Soviet Union, and Mongolia for the period 1989-94. Inflation rates have declined significantly in most countries … following an inflation stabilization program. Typically, stabilization has been followed by growth within two years; and growth … does not occur without stabilization. Reducing inflation thus appears to be a precondition for growth. An econometric …