Sticky Inflation and the Real Effects of Exchange Rate Based Stabilization

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 plans. The lack-of-credibility models typically READ MORE...

Publication date: July 2003
ISBN 9781451857054
$15.00

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