01839cas a2200253 a 4500 AALejournalIMF000642 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451956313 1018-5941 BD-DhAAL BD-DhAAL McNeilly, C. Reducing Inflation : Lessons From Albania's Early Success / C. McNeilly, Doris Schiesser-Gachnang. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (49 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Inflation in Albania fell rapidly once comprehensive stabilization policies and market-oriented reforms were launched, in contrast to other transition economies, where price liberalization was generally followed by persistently high inflation. The early reduction of underlying inflation is confirmed by trimmed mean estimates of core inflation, which use a central portion of the commodity-wise inflation distribution. This also demonstrates the usefulness of estimating core inflation for transition economies. The early success in curbing inflation is attributed to the extremely broad scope of initial price liberalization coupled with key supporting measures. It also gives hope for early recovery from Albania's 1997 economic crisis. Mode of access: Internet Schiesser-Gachnang, Doris. IMF Working Papers; Working Paper ; No. 1998/078 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/078/001.1998.issue-078-en.xml IMF e-Library