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The Output-Inflation Nexus in Ukraine : Is there a Trade-Off? / Atish Ghosh.
- Format:
- Book
- Government document
- Author/Creator:
- Ghosh, Atish.
- Series:
- IMF Working Papers; Working Paper ; No. 1996/046
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (36 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 1996.
- Language Note:
- English
- Summary:
- This paper examines whether expansionary credit policy can help sustain output growth in transition economies, with particular reference to Ukraine’s 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.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9781455272679
- 1455272671
- 9781462390397
- 1462390390
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