Holdings: On Credible Disinflation

On Credible Disinflation:

We study the effects of a credible, gradual exchange rate based disinflation program in a two sector economy. After an initial real exchange rate depreciation, the reductions in the rate of devaluation reduce the monetary wedge generated by a cash in advance constraint, leading to a gradual increase...

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Main Author:	Roldos, Jorge (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 1993
Series:	IMF Working Papers Working Paper No. 93/90
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	We study the effects of a credible, gradual exchange rate based disinflation program in a two sector economy. After an initial real exchange rate depreciation, the reductions in the rate of devaluation reduce the monetary wedge generated by a cash in advance constraint, leading to a gradual increase in absorption that yields progressive real exchange rate appreciations and current account deficits. An initial boom in economic activity is not followed by a later contraction, as labor supply expands during the whole length of the program
Physical Description:	1 Online-Ressource (26 p)
ISBN:	1451851340 9781451851342

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spelling	Roldos, Jorge Verfasser aut On Credible Disinflation Roldos, Jorge Washington, D.C International Monetary Fund 1993 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 93/90 We study the effects of a credible, gradual exchange rate based disinflation program in a two sector economy. After an initial real exchange rate depreciation, the reductions in the rate of devaluation reduce the monetary wedge generated by a cash in advance constraint, leading to a gradual increase in absorption that yields progressive real exchange rate appreciations and current account deficits. An initial boom in economic activity is not followed by a later contraction, as labor supply expands during the whole length of the program Online-Ausg http://elibrary.imf.org/view/IMF001/05017-9781451851342/05017-9781451851342/05017-9781451851342.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Roldos, Jorge On Credible Disinflation
title	On Credible Disinflation
title_auth	On Credible Disinflation
title_exact_search	On Credible Disinflation
title_exact_search_txtP	On Credible Disinflation
title_full	On Credible Disinflation Roldos, Jorge
title_fullStr	On Credible Disinflation Roldos, Jorge
title_full_unstemmed	On Credible Disinflation Roldos, Jorge
title_short	On Credible Disinflation
title_sort	on credible disinflation
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