Unveiling the Impact of Monetary Transmission Mechanism on Transition Economies
The article explores how money affects prices and the economy in countries transitioning from communism to market economies. It looks at different ways money influences these changes and how they can either make things better or worse. The researchers studied data from Central and Eastern Europe and compared it to data from more developed countries like those in the euro area. They found that different ways money moves around can have a big impact on prices and the economy.