01558cas a2200241 a 4500 AALejournalIMF007364 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451973938 1018-5941 BD-DhAAL BD-DhAAL Ghosh, Atish. The Output-Inflation Nexus in Ukraine : Is there a Trade-Off? / Atish Ghosh. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (36 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 This paper examines whether expansionary credit policy can help sustain output growth in transition economies, with particular reference to Ukraine's experience since 1992. We find that, while real credit growth is indeed associated with higher output growth, an increase in the growth rate of nominal credit does not, in general equilibrium, stimulate output growth. Following a short-lived boom - caused by falling real wages - the increase in the growth rate of nominal credit leads to a decline in the level of output. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1996/046 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/046/001.1996.issue-046-en.xml IMF e-Library