Search Results for relative price dispersion

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It has been argued that higher levels of inflation lead to greater uncertainty about future...

We develop a theory of money and credit as competing payment instruments, then put it to work in...

In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the relative...

In January 1992, Kazakstan initiated a reform program to move toward market-determined prices....

The overall price level increased sharply in transition countries once prices were freed....

Why is moving from moderate to low inflation almost always slow or costly? This paper answers...