Moderate Inflation in Poland : A Real Story /

Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on the Polish experience. First, reflecting the transition to a market economy, Polish inflation has been marked by significant changes in relative prices. Second, as wage and price ind...

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Hlavní autor: Pujol, Thierry
Další autoři: Griffiths, Mark
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1996.
Edice:IMF Working Papers; Working Paper ; No. 1996/057
On-line přístup:Full text available on IMF