Credibility Effects of Price Controls in Disinflation Programs /
This paper examines whether price controls may enhance the credibility of a disinflation program, using a framework in which agents behave strategically. The analysis indicates that a partial price freeze is not fully credible, and may result in inflation inertia. The authorities may be able to dete...
| Autor principal: | |
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
1992.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 1992/083 |
| Accés en línia: | Full text available on IMF |