This paper investigates the validity of the Fisher effect hypothesis that it is the interest rate which moves to adjust to the anticipated changes in the rate of inflation. The analysis is carried out with monthly data for the period 1980-97 for three countries with recent histories of chronic...

The purpose of this article is to show that access to indexed assets during the high inflation regime (1990-1993) was not evenly distributed among different states in Brazil. An index was elaborated to measure the access to indexed assets and the author concluded that some states had a lower...

This paper develops a simple structuralist model to deal with the relationships between inflation and external adjustment policies in foreign-indebted economies facing strong reversals in capital inflows. Taking Latin American experiences in the eighties as a reference, the model attempts to...