This paper analyzes the relationship between exchange rates, inflation and disinflation in Latin America. The analysis … inflation. The second issue addressed in the paper refers to the use of a nominal exchange rate anchor to reduce inflation. Data …

This paper discusses the regressive nature of the inflation tax and she limited extent of its impact on those … individuals below the poverty line. It also argues that inflation affects poverty mainly through its impact on real wages: the … empirical evidence shows that wages increase more slowly than prices during episodes of rising inflation in Latin America …

between increased central bank independence and inflation during 1999–2001 in 14 Latin American countries. Dissagregating the … between legal central bank independence and inflation …

dramatic consequences, at least in the very short-run. Within a few months inflation was down to 1-2 percent a month, foreign …

reducing inflation from three-digit annual rates in the 1990s to single-digit territory in 2004. The paper also discusses the …

High and persistent inflation has been one of the distinguishing macroeconomic characteristics of many developing … countries since the end of World War II. Countries afflicted by chronic inflation, however, have not taken their fate lightly … to inflation stabilization policies and balance of payment crises in developing countries …

This paper presents a model in which economic crises have positive effects on welfare. Periods of very high inflation … achievement of higher levels of welfare. Policies to reduce the cost of inflation, such as indexation, raise inflation and delay …