engleski

Antiinflation Policy in Croatia - Condition for Stabilisation of Transition Economy

Croatia as a transition economy whose position was additionally complicated by war has experienced strong decrease in all major categories like output, productivity and employment. The balance of trade was negativ, budget deficit was large, prices grew rapidly and this resultec in high inflation rates. Since final aim of Croatian economy is to reach long-term stability (low inflation rate, stabile exchange rate, balanced budget) and development, atiinflation program (started October 1993) is just an action towards this final aim. The efficiency of antiinflation program has to be estimated. Therefore, stabilisation and development depend very much on actions undertaken within this program but on process of privatisation, restructuration and development of market institutions as well.

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