Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis : Evidence From Uruguay /

Both analytical models and casual empiricism suggest that the timing of the recessionary costs associated with inflation stabilization in chronic inflation countries may depend on the nominal anchor which is used. Under money-based stabilization, the recession occurs at the beginning of the program,...

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Dettagli Bibliografici
Autore principale: Vegh Gramont, Carlos
Altri autori: Hoffmaister, Willy
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 1995.
Serie:IMF Working Papers; Working Paper ; No. 1995/099
Accesso online:Full text available on IMF

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