On Credible Disinflation /

On Credible Disinflation /

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...

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Dettagli Bibliografici
Autore principale:	Roldos, Jorge
Natura:	Periodico
Lingua:	English
Pubblicazione:	Washington, D.C. : International Monetary Fund, 1993.
Serie:	IMF Working Papers; Working Paper ; No. 1993/090
Accesso online:	Full text available on IMF

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