01534cas a2200241 a 4500 AALejournalIMF003431 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451960372 1018-5941 BD-DhAAL BD-DhAAL Papi, Laura. How Does Learning Affect Inflation After a Shift in the Exchange Rate Regime? / Laura Papi. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyzes the consequences of a shift from a floating to a pegged exchange rate regime on the actual and expected inflation rate, in an environment of asymmetric information. Policymaking is endogenous and the public learns rationally. There are two main findings. First, there is a 'honeymoon effect' after the regime change, where inflation is lower than in the long run. Second, the asymmetric information outcome converges to that of symmetric information in the long run. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/070 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/070/001.1994.issue-070-en.xml IMF e-Library