المستودع الأكاديمي جامعة المدينة

Modelling Inflation Dynamics in Transition Economies: The Case of Ukraine

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dc.creator Siliverstovs, Boriss
dc.creator Bilan, Olena
dc.date 2005
dc.date.accessioned 2013-10-16T06:59:31Z
dc.date.available 2013-10-16T06:59:31Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18327
dc.identifier ppn:485656078
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18327
dc.description The paper explores dynamics of inflation in Ukraine in the period of relative macroeconomic stability. The analysis of interrelationship between inflation, money growth, wage growth, and a proxy for devaluation expectations is based on impulse responses and variance decomposition of a vector autoregression model. We find that changes in devaluation expectations appear to be the most important factor driving price development, while money supply growth has negligible impact on inflation. In addition, our results evidence of high degree of inflation inertia in the economy, which may reflect the specific institutional settings of Ukrainian economy.
dc.language eng
dc.publisher Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
dc.relation DIW-Diskussionspapiere 476
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject C32
dc.subject E31
dc.subject P24
dc.subject ddc:330
dc.subject Transition economy
dc.subject Inflation
dc.title Modelling Inflation Dynamics in Transition Economies: The Case of Ukraine
dc.type doc-type:workingPaper


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