High Real Interest Rates in the Aftermath of Disinflation: Is It a Lack of Credibility.

This paper explores the empirical relevance of arguments based on lack of credibility for explaining high ex post real interest rates afetr stabilization programs were implemented in Argentina, Israel, and Mexico in the mid-1980s.

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Year of publication:	1996
Authors:	Kaminsky, G.L. ; Leiderman, L.
Institutions:	Foerder Institute for Economic Research, Eitan Berglas School of Economics
Subject:	INTEREST RATE \| MONETARY POLICY

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Series:	Tel Aviv.
Type of publication:	Book / Working Paper
Notes:	20 pages
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E40 - Money and Interest Rates. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005783668