Measurement of objectivity and subjective speed of inflation.

Anna V. Andreenkova

This paper is devoted to the discussion of high inflation economies dominated in most countries of Eastern Europe and the former Soviet Union on the choice of marketing strategy and the ways to measure the speed of inflation.

Measurement of the Objective and Subjective Speed of Inflation

Anna V. Andreenkova Institute for Comparative Social Research Ltd. (CESSI), Russia

INTRODUCTION

Eastern Europe in time of economic reforms

Most countries of Eastern and Central Europe as well as most states of the former Soviet Union have experienced rapid economic and political reforms during the last 5 years. This has resulted in increased budget deficits, deflation of the local currency and a high inflation rate. Although the absolute rate of inflation differs from country to country, relative influence of inflation on purchasing behavior and development of the market economy is...

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