Inflation, its Dynamics, and its Possible Causes in Albania

Kunst, Robert M. and Luniku, Rubin (September 1998) Inflation, its Dynamics, and its Possible Causes in Albania. Reihe Osteuropa / East European Series 57

[img]
Preview
Text
ro-57.pdf

Download (3MB) | Preview

Abstract or Table of Contents

Abstract: This paper attempts to analyze the causes of the inflationary developments in Albania in the years 1994-1997 with the help of econometric methods. We consider monetary and fiscal expansion, imported inflation, and direct demand pull as possible causes. Except for significant effects of direct demand pull and of exchange rate devaluation, the statistical results give only moderate support to the classical economic causes. Seen this way, Albanian inflation appears to be mainly determined by its own expectations and by singular political events.;

Item Type: IHS Series
Keywords: 'Transition economy' 'Causality' 'Coitegration' 'Consumer price index'
Classification Codes (e.g. JEL): C32, E31, E52
Status: Published
Date Deposited: 26 Sep 2014 10:36
Last Modified: 01 Apr 2016 14:10
URI: http://irihs.ihs.ac.at/id/eprint/1097

Actions (login required)

View Item View Item