When countries attempt to stabilize annual inflation rates that are greater than 40 percent, the domestic stock market … appreciates by 24 percent on average. The present value of the long-run benefits to shareholders of reducing high inflation … statistically insignificant, if the pre-stabilization inflation rate is less than 40 percent. Stock market responses also help …

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 …

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

In the late 1970s countries in Latin America's Southern Cone attempted to lower domestic inflation rates through the … appreciation may result.While unanticipated, permanent inflation changes are neutral in the paper,anticipated inflation is neutral …

Estimates of the cost of disinflation made before the recent reduction in the inflation rate varied widely. Estimates … reduction in the inflation rate. At one extreme it was argued thata resolute and credible monetary policy could reduce inflation …

This paper analyses how the output or unemployment cost of achieving a sustainable reduction in the rate of inflation … ratio. Without sluggishness in the core inflation rate, a zero sacrifice ratio can be achieved simply through intelligent … demand management. With sluggish core inflation, the sacrifice ratio is positive unless intelligent demand management is …

followed the German hyper-inflation. Significant real dislocations arose after the monetary reform; and these can be attributed … to a government policy which subsidized heavy industry through the inflation tax proceeds. The "credibility problem …