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|c 5.00 USD
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|z 9781451851342
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Roldos, Jorge.
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|a On Credible Disinflation /
|c Jorge Roldos.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1993.
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|a 1 online resource (26 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 We study the effects of a credible, gradual exchange rate based disinflation program in a two sector economy. After an initial real exchange rate depreciation, the reductions in the rate of devaluation reduce the monetary wedge generated by a cash in advance constraint, leading to a gradual increase in absorption that yields progressive real exchange rate appreciations and current account deficits. An initial boom in economic activity is not followed by a later contraction, as labor supply expands during the whole length of the program.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1993/090
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1993/090/001.1993.issue-090-en.xml
|z IMF e-Library
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