Supply-Side Effects of Disinflation Programs /
This paper focuses on the short-run and long-run supply-side effects of disinflation programs in a two-sector economy. Fixing the exchange rate reduces the wedge between the return on foreign assets and that on domestic capital, leading to an increase in the latter. After an initial real exchange ra...
| 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. 1994/084 |
| On-line přístup: | Full text available on IMF |