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Macroeconomic Stabilization in Transition Economies (Hardcover, New)
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Macroeconomic Stabilization in Transition Economies (Hardcover, New)
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The essays in this volume explore the special type of policies that
were needed in the post-socialist countries of Eastern Europe and
the former Soviet Union in order to reduce inflation and to stop
the fall in output that followed the collapse of Communism. The
book contains a number of general studies that discuss the type of
reforms needed and how they condition policies and analyse the
aggregate relationship between reducing inflation, implementing
structural reforms, and renewing the process of growth. It includes
a number of country studies (on the Baltics, Croatia, Hungary,
Poland, Slovenia and the Ukraine) about their stabilization
experiences. Thus the emerging picture is one of renewal of growth
in those countries that proceeded early and with the determination
to implement market-oriented reforms and to stabilize their
macroeconomy, and of gradual and slow stabilization of output in
those countries that entered the process only very recently.
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