Celasun, Oya; Gelos, R. Gaston; Prati, Alessandro - In: Economic Policy 19 (2004) 40, pp. 441-481
type="main" xml:lang="en" <title type="main">SUMMARY</title> </section> <title type="main">Disinflation deficits</title> <p> Persistently high expected inflation often makes it difficult for policy-makers to recover from inflationary episodes without substantial output losses. Using survey data from eleven disinflation episodes, we can assess whether the more...</p>