Pregled bibliografske jedinice broj: 195489
Has inflation been too low in Croatia? Developing an answer
Has inflation been too low in Croatia? Developing an answer // Sixth International Conference on Enterprise in Transition Proceedings / Reić, Zlatan (ur.).
Split: Ekonomski fakultet Sveučilišta u Splitu, 2005. str. 1625-1632 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
Has inflation been too low in Croatia? Developing an answer
Autori
Malešević, Lena
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
Sixth International Conference on Enterprise in Transition Proceedings
/ Reić, Zlatan - Split : Ekonomski fakultet Sveučilišta u Splitu, 2005, 1625-1632
Skup
Sixth International Conference Enterprise in Transition
Mjesto i datum
Bol, Hrvatska, 26.05.2005. - 28.05.2005
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
Phillips curve; inflation-growth trade-off; transition
Sažetak
The aim of this paper is to examine the rationale for maintaining low inflation rates in transition economies and particularly Croatia. The main argument I use is the connection between the Phillips curve and the inflation-growth trade-off, via the 'grease' effect of inflation on labour market adjustment. Empirical studies have estimated that the kink in the inflation-growth trade-off is higher in transition economies than in market economies, and usually no lower than 7 percent. Having said that, it follows that the maintenance of very low inflation rates in Croatia since the Stabilisation programme in 1993 might not have been beneficial for its growth.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
