In fighting inflation, Albania has been one of the most successful transition economies. Very high inflation in the early stage of transition swiftly gave way to moderate and smoothly declining inflation rates. The flare-up in inflation in 1996 and 1997 proved temporary, and inflation has been virtually absent since mid-1999. This notwithstanding, policymakers need to understand the factors underlying aggregate inflation, with particular emphasis on characteristics, that deviate from those found in longer established market economies
Bibliography
Includes bibliographical references (pages 26-27)
Notes
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English
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