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|c 5.00 USD
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|z 9781451949483
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Meredith, Guy.
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|a Models of Inflation and the Costs of Disinflation /
|c Guy Meredith, Bankim Chadha, Paul Masson.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1991.
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| 300 |
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|a 1 online resource (34 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper focuses on the output costs of disinflation. A model of inflation with both forward and backward elements seems to characterize reality. Such an inflation model is estimated using data for industrial countries, and the output costs of a disinflation path are calculated, first analytically in a simple theoretical model, then by simulation of a global, multi-region empirical model. The credibility of a preannounced path for money consistent with the lowest output loss is considered. An alternative, more credible policy may be to announce an exchange rate peg to a low inflation currency.
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| 538 |
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|a Mode of access: Internet
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|a Chadha, Bankim.
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|a Masson, Paul.
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|a IMF Working Papers; Working Paper ;
|v No. 1991/097
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1991/097/001.1991.issue-097-en.xml
|z IMF e-Library
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