Verfügbarkeit: Theories of Policy Accommodation

Theories of Policy Accommodation: The Persistence of Inflation and Gradual Stabilizations

Persistent inflation and slow stabilization are usually the result of policy accommodation resorted to in an attempt to avoid the recessionary costs of a sharp reduction of inflation. This paper reviews three explanations for why policymakers, despite their dislike of inflation, may nevertheless cho...

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1. Verfasser:	De Gregorio, Jose (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1992
Schriftenreihe:	IMF Working Papers Working Paper No. 92/19
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	Persistent inflation and slow stabilization are usually the result of policy accommodation resorted to in an attempt to avoid the recessionary costs of a sharp reduction of inflation. This paper reviews three explanations for why policymakers, despite their dislike of inflation, may nevertheless choose to adopt accommodative policies. It emphasizes the role of indexation, uncertainty about policymakers' preferences, and the existence of fixed costs associated with the implementation of a stabilization program. The paper also presents some evidence on the extent of persistence of inflation across countries
Beschreibung:	1 Online-Ressource (26 p)
ISBN:	1451843690 9781451843699

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spelling	De Gregorio, Jose Verfasser aut Theories of Policy Accommodation The Persistence of Inflation and Gradual Stabilizations De Gregorio, Jose Washington, D.C International Monetary Fund 1992 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 92/19 Persistent inflation and slow stabilization are usually the result of policy accommodation resorted to in an attempt to avoid the recessionary costs of a sharp reduction of inflation. This paper reviews three explanations for why policymakers, despite their dislike of inflation, may nevertheless choose to adopt accommodative policies. It emphasizes the role of indexation, uncertainty about policymakers' preferences, and the existence of fixed costs associated with the implementation of a stabilization program. The paper also presents some evidence on the extent of persistence of inflation across countries Online-Ausg http://elibrary.imf.org/view/IMF001/07392-9781451843699/07392-9781451843699/07392-9781451843699.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	De Gregorio, Jose Theories of Policy Accommodation The Persistence of Inflation and Gradual Stabilizations
title	Theories of Policy Accommodation The Persistence of Inflation and Gradual Stabilizations
title_auth	Theories of Policy Accommodation The Persistence of Inflation and Gradual Stabilizations
title_exact_search	Theories of Policy Accommodation The Persistence of Inflation and Gradual Stabilizations
title_exact_search_txtP	Theories of Policy Accommodation The Persistence of Inflation and Gradual Stabilizations
title_full	Theories of Policy Accommodation The Persistence of Inflation and Gradual Stabilizations De Gregorio, Jose
title_fullStr	Theories of Policy Accommodation The Persistence of Inflation and Gradual Stabilizations De Gregorio, Jose
title_full_unstemmed	Theories of Policy Accommodation The Persistence of Inflation and Gradual Stabilizations De Gregorio, Jose
title_short	Theories of Policy Accommodation
title_sort	theories of policy accommodation the persistence of inflation and gradual stabilizations
title_sub	The Persistence of Inflation and Gradual Stabilizations
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