Contacts, Credibility and Common Knowledge : Their Influenceon Inflation Convergence /
In this paper three possible reasons are examined for a sluggish inflation response to a hard currency peg. Models of overlapping wage contracts are analyzed and shown to generate little inertia. This contrasts with the effects of government credibility and the speed of private sector learning, whic...
| Autor principal: | |
|---|---|
| Altres autors: | |
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
1992.
|
| Col·lecció: | IMF Working Papers; Working Paper ;
No. 1992/026 |
| Accés en línia: | Full text available on IMF |