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Publications (5)
Working Paper
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– Kazakhstan and Uzbekistan
The IMF model of the economic transition stresses the role of macro policy reform. It concludes that rapid reform to a market economy is preferable to slow reform because late reformers experience very steep transition recessions and severe contractions in government revenues. However, the...
Working Paper
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– Welfare Impact of Slow Transition
Uzbekistan is typically seen as one of the slowest reformers among the countries in transition from central planning to a market-oriented economy. This paper evaluates the welfare impact of gradual transition in Uzbekistan, asking whether it has avoided the short-term disruption associated with more...
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