How Does Learning Affect Inflation After a Shift in the Exchange Rate Regime? /
This paper analyzes the consequences of a shift from a floating to a pegged exchange rate regime on the actual and expected inflation rate, in an environment of asymmetric information. Policymaking is endogenous and the public learns rationally. There are two main findings. First, there is a 'h...
| Hlavní autor: | |
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| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
1994.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1994/070 |
| On-line přístup: | Full text available on IMF |