Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18327
Authors: 
Siliverstovs, Boriss
Bilan, Olena
Year of Publication: 
2005
Series/Report no.: 
DIW-Diskussionspapiere 476
Abstract: 
The paper explores dynamics of inflation in Ukraine in the period of relative macroeconomic stability. The analysis of interrelationship between inflation, money growth, wage growth, and a proxy for devaluation expectations is based on impulse responses and variance decomposition of a vector autoregression model. We find that changes in devaluation expectations appear to be the most important factor driving price development, while money supply growth has negligible impact on inflation. In addition, our results evidence of high degree of inflation inertia in the economy, which may reflect the specific institutional settings of Ukrainian economy.
Subjects: 
Transition economy
Inflation
JEL: 
C32
E31
P24
Document Type: 
Working Paper

Files in This Item:
File
Size
527.28 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.