Hidden Bibliographic Details
| Other authors / contributors: | Schiesser-Gachnang, Doris, 1964- author.
International Monetary Fund, issuing body.
IMF Institute.
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| ISBN: | 1283554887
9781283554886
145189628X
9781451896282
1462349986
9781462349982
1452798699
9781452798691
9786613867339
6613867330
9781451956313
1451956312
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| ISSN: | 2227-8885
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| Notes: | Includes bibliographical references (pages 48-49).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | In Albania the demise of communism began later and turned out to be more disorderly than in other central and eastern European countries. Albania had among the most centralized and repressive regimes in the world from the mid-1940s until late 1990. Long after economic reforms were initiated in other centrally planned economies, virtually all economic activities in Albania remained controlled by the state. Inflation in Albania fell rapidly once comprehensive stabilization policies and market-oriented reforms were launched, in contrast to other transition economies, where price liberalization was generally followed by persistently high inflation. The early reduction of underlying inflation is confirmed by trimmed mean estimates of core inflation, which use a central portion of the commodity-wise inflation distribution. This also demonstrates the usefulness of estimating core inflation for transition economies. The early success in curbing inflation is attributed to the extremely broad scope of initial price liberalization coupled with key supporting measures. It also gives hope for early recovery from Albania's 1997 economic crisis.
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| Other form: | Print version: McNeilly, C. (Caryl). Reducing inflation. [Washington, D.C.] : International Monetary Fund, IMF Institute, ©1998
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| Standard no.: | 10.5089/9781451896282.001
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