IDEAS home Printed from https://ideas.repec.org/a/prs/reveco/reco_0035-2764_1994_num_45_3_409572.html
   My bibliography  Save this article

Quand la stabilisation dure... L'hypothèse d'une inflation inertielle en Europe centrale et orientale

Author

Listed:
  • Wladimir Andreff
  • François Bourguignon

Abstract

[fre] Quand la stabilisation dure... L'hypothèse d'une inflation inertielle en Europe centrale et orientale. . Partant du constat que les économies en transition ne sont toujours pas stabilisées après quatre ans de politique de stabilisation, y compris pour ce qui est du rythme de l'inflation, le texte s'appuie sur une théorie inertielle de l'inflation qui permet d'expliquer la hausse des prix par un conflit entre groupes sociaux au sujet de la répartition du revenu national, s'exprimant par des comportements d'indexation de la part des salariés et des dirigeants des entreprises d'État (portant sur les dépenses d'investissement). Cette hypothèse est vérifiée par des corrélations calculées entre les prix de détail et les salaires réels, entre les prix et les dépenses d'investissement, et entre les salaires réels et l'investissement. [eng] Why stabilisation is lasting so far... the hypothesis of an inertial inflation in central eastern Europe. . The article relies on the empirical evidence according to which economies in transition are not yet definitely stabilized after a four year stabilisation policy, including when we consider only the rate of inflation. A theory of inertial inflation may explain such a fact as soon as priee increases are assumed to resuit from a conflict between social groups for the distribution of national income. Wage earners then react to priees in indexing their share, and the managers of State enterprises as well (indexing their investment capabili-ties). This hypothesis is successfully tested through the calculation of correlations between consumer priees and real wages, between priees and investment expenditures, and between wages and investment, for five Eastem European countries (1970-1992).

Suggested Citation

  • Wladimir Andreff & François Bourguignon, 1994. "Quand la stabilisation dure... L'hypothèse d'une inflation inertielle en Europe centrale et orientale," Revue Économique, Programme National Persée, vol. 45(3), pages 819-832.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1994_num_45_3_409572
    as

    Download full text from publisher

    File URL: https://www.persee.fr/doc/reco_0035-2764_1994_num_45_3_409572
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Balàzs Égert, 2001. "Exchange Rate Regime and Disinflation in the Transition: the Experience of the Pre-announced Crawling Peg in Hungary," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 361-379.
    2. Régis Chavigny, 1997. "Économies en transition et économies en développement : une comparaison," Revue Tiers Monde, Programme National Persée, vol. 38(152), pages 727-751.
    3. Balàzs Égert, 2001. "Régime de change et désinflation dans la transition : l'expérience du système de parité à crémaillère pré-annoncée en Hongrie," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 399-418.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_1994_num_45_3_409572. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/reco .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.