Finance & Development, June 2003

Nopic
This paper describes the importance of luck, timing, and political institutions in beating inflation. The paper highlights that countries experiencing high inflation typically make several disinflation attempts, some of which succeed only temporarily. If a country trying to stabilize prices and wages is unlucky enough to be exposed to severe... READ MORE...

Publication date: June 2003
ISBN 9781451952926
$10.00

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