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| Author: | Feltenstein, A. Ha, J. |
| Title: | An analysis of repressed inflation in two transition economies |
| Journal: | Economics of Planning
1996 : VOL. 29:1, p. 51-66 |
| Index terms: | INFLATION ECONOMIC CONDITIONS MONEY DEMAND |
| Language: | eng |
| Abstract: | The authors construct a simple model that tests for repressed inflation by estimating a "true" rate of inflation that explains behavior of observed money demand. The authors estimate the model using quarterly data for Czechoslovakia and Poland. Although the authors' results should be viewed as preliminary, given the imperfect nature of their data , they do have strong evidence that, prior to 1991, there was considerable repressed inflation in Poland, while there was essentially no repressed inflation in Czechoslovakia. |
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