Sticky Inflation and the Real Effects of Exchange Rate Based Stabilization /

Exchange rate-based inflation stabilization (ERBS) policies are associated with a boom-recession cycle in economic activity and sustained real exchange rate appreciation. A class of models in the literature has explained these empirical regularities with the lack of credibility of the stabilization...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Celasun, Oya
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2003.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2003/151
Online Zugang:Full text available on IMF

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