Obstacles to Disinflation : What is the Role of Fiscal Expectations? /
Is backward-looking behavior in pricing or imperfect credibility of stabilization efforts responsible for the failure of inflation rates to decline to targeted levels during many disinflation programs? This paper assesses the relative importance of these two factors during a number of disinflation a...
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| Altres autors: | , |
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2004.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2004/111 |
| Accés en línia: | Full text available on IMF |