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...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2003.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 2003/151 |
| Online toegang: | Full text available on IMF |