Macroeconomic Instability in Post-Communist Countries

By Jacek Rostowski

This book examines the causes of very high inflation--and of the great drop in statistically measured output--in the post-Communist countries of Central and Eastern Europe and in the former Soviet Union. It focuses on several key topics: the fundamental nature of the shift from
supply-constrained economies (in which there is no unemployment) to ones that are constrained by demand; the reconstruction of monetary and credit systems; and the central role of macroeconomic stabilization and generalized liberalization in creating the basis for private sector growth. Many of the
chapters herein have grown out of policy debates in which the author participated.

• Format: Hardcover
• Language: English
• ISBN: 0198290489
• ISBN13: 9780198290483
• Release Date: April 1998
• Publisher: Clarendon Press
• Length: 400 Pages