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Book Cover
Author Ghosh, Atish R.

Title The output-inflation nexus in Ukraine : is there a trade-off? / Atish R. Ghosh
Published [Washington, D.C.] : International Monetary Fund, European II Dept., [1996]
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Description 1 online resource (iv, 31 pages) : illustrations
Series IMF working paper ; WP/96/46
IMF working paper ; WP/96/46
Summary Annotation This paper examines whether expansionary credit policy can help sustain output growth in transition economies, with particular reference to Ukraines experience since 1992. We find that, while real credit growth is indeed associated with higher output growth, an increase in the growth rate of nominal credit does not, in general equilibrium, stimulate output growth. Following a short-lived boom caused by falling real wages the increase in the growth rate of nominal credit leads to a decline in the level of output
Bibliography Includes bibliographical references (page 31)
Notes 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. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Credit -- Ukraine -- Econometric models.
Demand for money -- Ukraine -- Econometric models.
Gross domestic product -- Ukraine -- Econometric models.
Industrial productivity -- Ukraine -- Econometric models.
Form Electronic book
Author International Monetary Fund. European II Department.
ISBN 1455228176