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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Détails bibliographiques
Auteur principal: Roldos, Jorge
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 1993.
Collection:IMF Working Papers; Working Paper ; No. 1993/090
Accès en ligne:Full text available on IMF