In command economies, inflation is either absent or at least unrelated to supply and demand. However, when the … economies in Eastern Europe started transforming into market economies, they suddenly experienced high and volatile inflation … rates. Transformation countries are therefore interesting laboratories for studying individual inflation aversion. In this …

lasting effect on inflation; that economic liberalization broadly defined may have helped dampen price increases; and that …This paper examines the influence of economic liberalization and monetary growth on inflation during the transition … from central plan to market. It concludes that price decontrol had a substantial, one-time effect on the price level but no …

Following very high inflation rates at the beginning of the reform process, most transition countries have succeeded in … lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former … Soviet Union are now typically in the range of 10-60 percent. This essay examines whether a further reduction in inflation …

Following very high inflation rates at the beginning of the reform process, most transition countries have succeeded in … lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former … Soviet Union are now typically in the range of 10-60 percent. This essay examines whether a further reduction in inflation …

A conjecture, advanced by some ad hoc evidence and the theory that money accommodates wage inflation in transition … economies, is tested and accepted for Yugoslavia's high inflation of the 1980's. Within a cointegration framework, an … prices) and exchange rate shocks were driving Yugoslavia's high inflation, while the impact of money supply shocks was …