IMF Staff papers : Volume 36 No. 3.
Although accommodative policies and widespread indexation may account for the persistence of high inflation, they cannot explain changes in the inflation rate. The causes of such changes for the high-inflation episodes immediately preceding the recent 'heterodox' attempts at stabilization...
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| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
1989.
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| Serier: | IMF Staff Papers; IMF Staff Papers ;
No. 1989/003 |
| Online adgang: | Full text available on IMF |
| Summary: | Although accommodative policies and widespread indexation may account for the persistence of high inflation, they cannot explain changes in the inflation rate. The causes of such changes for the high-inflation episodes immediately preceding the recent 'heterodox' attempts at stabilization in Argentina, Brazil, and Israel are examined by computing historical decompositions of these episodes based on vector autoregressions, distinguishing between the 'fiscal' and 'balance of payments' views of their causes. In all three cases, nominal exchange rate shocks played the dominant role in triggering an acceleration of inflation. [JEL 134]. |
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| Emne beskrivelse: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Fysisk beskrivelse: | 1 online resource (228 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1020-7635 |
| Adgang: | Electronic access restricted to authorized BRAC University faculty, staff and students |