Market Disequilibria and Inflation in Uzbekistan, 1994-2000

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dc.creatorRanaweera, Thilak
dc.date2014-04-25T14:19:00Z
dc.date2014-04-25T14:19:00Z
dc.date2003-10
dc.date.accessioned2026-07-01T01:28:44Z
dc.descriptionThe author develops, and applies a macroeconomic framework to ascertain the influence of domestic disequilibria, and external shocks on inflation dynamics in Uzbekistan. Using quarterly data for the period 1994:01 to 2000:03, he estimates several "long-run" relationships for the goods, money, and foreign exchange markets of Uzbekistan, which are characterized by multiple exchange rates, import restrictions, and other domestic administrative controls. The empirical estimates, which use error correction mechanisms for different markets, show that domestic monetary, and output developments, and changes in the official exchange rate, compared with the parallel market rate, have had a significant influence on the short-run behavior of the foreign exchange market in Uzbekistan. Furthermore, disequilibria in the product, and money markets are the major forces driving short-run inflation dynamics in Uzbekistan. It should be noted that the study has been constrained by both the quantity, and the quality of quarterly data available for the Uzbekistan economy.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2003/10/2624934/market-disequilibria-inflation-uzbekistan-1994-2000
dc.identifierhttps://hdl.handle.net/10986/18035
dc.identifierhttps://doi.org/10.1596/1813-9450-3144
dc.identifier.urihttp://hdl.handle.net/123456789/418451
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper;No. 3144
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGGREGATE DEMAND
dc.subjectAGRICULTURE
dc.subjectBALANCE OF PAYMENTS
dc.subjectBUDGET DEFICIT
dc.subjectBUDGET DEFICITS
dc.subjectBUSINESS CYCLES
dc.subjectCOMPARATIVE ANALYSIS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCPI
dc.subjectCURRENCY
dc.subjectCURRENCY SUBSTITUTION
dc.subjectCURRENCY UNITS
dc.subjectDEBT
dc.subjectDEMAND FOR MONEY
dc.subjectDEUTSCHE MARK
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISINFLATION
dc.subjectDOMESTIC PRICE
dc.subjectDOMESTIC PRICE LEVEL
dc.subjectDOMESTIC PRICES
dc.subjectECONOMIC DYNAMICS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC STATISTICS
dc.subjectELASTICITY
dc.subjectEMPIRICAL STUDIES
dc.subjectEMPLOYMENT
dc.subjectEQUATIONS
dc.subjectEQUILIBRIUM
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL SHOCKS
dc.subjectFISCAL POLICIES
dc.subjectFOREIGN BORROWING
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN EXCHANGE MARKETS
dc.subjectFOREIGN EXCHANGE RATE
dc.subjectFOREIGN EXCHANGE RATES
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectGNP
dc.subjectGOLD PRICES
dc.subjectGOVERNMENT SPENDING
dc.subjectGROWTH RATE
dc.subjectIMPORTS
dc.subjectINDUSTRIALIZATION
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION STABILIZATION
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL MONETARY FUND
dc.subjectLOCAL CURRENCY
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMICS
dc.subjectMARKET CONDITIONS
dc.subjectMONEY BALANCES
dc.subjectMONEY DEMAND
dc.subjectMONEY MARKET
dc.subjectMONEY MARKETS
dc.subjectMONEY SUPPLY
dc.subjectMULTIPLE EXCHANGE RATES
dc.subjectNOMINAL EXCHANGE RATE
dc.subjectNOMINAL INTEREST RATES
dc.subjectOUTPUT
dc.subjectOUTPUTS
dc.subjectPEGS
dc.subjectPHILLIPS CURVE
dc.subjectPRICE INCREASES
dc.subjectPRICE LIBERALIZATION
dc.subjectPRODUCT MARKETS
dc.subjectPRODUCTION FUNCTIONS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SECTOR
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GDP
dc.subjectREAL INTEREST RATES
dc.subjectRELATIVE PRICE
dc.subjectSEASONAL FACTORS
dc.subjectSPREAD
dc.subjectSTABILIZATION PROGRAMS
dc.subjectSTATISTICAL ANALYSIS
dc.subjectSUBSTITUTES
dc.subjectSUBSTITUTION EFFECT
dc.subjectTAX REVENUES
dc.subjectTERMS OF TRADE
dc.subjectTIME SERIES
dc.subjectTRADE BALANCE
dc.subjectTRADE REGIME
dc.subjectTRANSITION ECONOMIES
dc.subjectVALUATION
dc.subjectWAGE CONTROLS MARKET DISRUPTION
dc.subjectDISEQUILIBRIUM (ECONOMICS)
dc.subjectINFLATION
dc.subjectMACROECONOMIC ANALYSIS
dc.subjectDOMESTIC MARKETS
dc.subjectEXTERNAL SHOCKS
dc.subjectINFLATIONARY PRESSURES
dc.subjectGOODS
dc.subjectMONEY MARKET ACCOUNTS
dc.subjectFOREIGN EXCHANGE
dc.subjectRESTRICTIVE BUSINESS PRACTICES
dc.subjectERROR CORRECTION MODELS
dc.subjectMONETARY INDEXES
dc.subjectOUTPUTS
dc.subjectPARALLEL EXCHANGE RATES
dc.subjectMARKET DISRUPTION
dc.subjectWAGE CONTROLS
dc.titleMarket Disequilibria and Inflation in Uzbekistan, 1994-2000

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