IMF Staff papers : Volume 36 No. 3.

Although accommodative policies and widespread indexation may account for the persistence of high inflation, they cannot explain changes in the inflation rate. The causes of such changes for the high-inflation episodes immediately preceding the recent 'heterodox' attempts at stabilization...

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Bibliografski detalji
Autor kompanije: International Monetary Fund. Research Dept
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1989.
Serija:IMF Staff Papers; IMF Staff Papers ; No. 1989/003
Online pristup:Full text available on IMF
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500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Although accommodative policies and widespread indexation may account for the persistence of high inflation, they cannot explain changes in the inflation rate. The causes of such changes for the high-inflation episodes immediately preceding the recent 'heterodox' attempts at stabilization in Argentina, Brazil, and Israel are examined by computing historical decompositions of these episodes based on vector autoregressions, distinguishing between the 'fiscal' and 'balance of payments' views of their causes. In all three cases, nominal exchange rate shocks played the dominant role in triggering an acceleration of inflation. [JEL 134]. 
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830 0 |a IMF Staff Papers; IMF Staff Papers ;  |v No. 1989/003 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/024/1989/003/024.1989.issue-003-en.xml  |z IMF e-Library