| Description |
1 online resource (35 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/03/126 |
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IMF working paper ; WP/03/126.
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| Summary |
This paper examines determinants of inflation in Ukraine during 1993-2002 in a cointegrating framework. Two basic theoretical models-a markup and a money market model-are tested. While broad money is cointegrated with the CPI for the whole sample and for early subsamples, the cointegration ceases to be statistically significant between 1996-2002, in part because of strong remonetization. The mark-up model offers a more consistent and well-fitting overall framework for 1996-2002 data, pointing inter alia to a greater role of administered prices in the CPI within a fairly mainstream inflation process. The "long-term" monetary transmission mechanism operates through the exchange rate and wages, but broad money clearly enters short-term inflation determinants. Prudent macroeconomic policies, grain harvests, and administrative decisions explain the sharp decline of inflation over 2000-2002 |
| Bibliography |
Includes bibliographical references (pages 34-35) |
| 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. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Inflation (Finance) -- Ukraine
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Money market -- Ukraine
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Consumer price indexes -- Ukraine
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Consumer price indexes
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Inflation (Finance)
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Money market
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Ukraine
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| Form |
Electronic book
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| Author |
International Monetary Fund. European II Department.
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| ISBN |
1451900171 |
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9781451900170 |
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1282110268 |
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9781282110267 |
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1462322662 |
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9781462322664 |
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1452760314 |
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9781452760315 |
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9786613803153 |
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6613803154 |
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