rise and fall of inflation during 1991-97. The methodology could usefully be applied to other economies whose exports are …

provide evidence that FD is a rational response to inflation uncertainty. The paper builds on previous research by finding …

This paper examines the factors underlying the stability of inflation observed following devaluations of the Spanish … completely offset by determinants of the cyclical position of the economy and the low inflation rate in 1993-94 should not be …

-market-exchange rate and the ratio of domestic to foreign money in Peru; that is, the hypothesis of currency substitution can explain the … behavior of real holdings of money in Peru. The paper also shows that, while the importance of currency substitution as a … transmission mechanism through which domestic policies affected the dynamics of inflation was relatively small during a period of …

The shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market … in two highly dollarized economies (Peru and Bolivia) vis-à-vis two economies with low levels of dollarization (Chile and … impact on real and financial sectors, it does not preclude the use of inflation targeting as a policy regime …