Author Description

"This volume illustrates through theoretical analysis and extensive empirical testing the central role of saving in reducing inflation and restoring economic growth in the transition economies. Its chapters are a complementary mix of general macroeconomic theory, cross-country empirical analysis and in-depth economic case studies of Belarus, Georgia, Kazakhstan, Ukraine and Russia. These various perspectives are combined to illuminate the fundamental policy difficulties in achieving desirable macroeconomic outcomes in economies saddled with the economic and political legacies of the Soviet Union."--BOOK JACKET.