Showing 1 - 10 of 20
Frontmatter -- Contents -- List of Figures -- List of Tables -- Introduction -- PART I: APPRAISING EXCHANGE-RATE ARRANGEMENTS -- 1. The Endogeneity of Exchange-Rate Regimes -- 2. Exchange-Rate Behavior under Alternative Exchange-Rate Arrangements -- 3. Panel: One Money for How Many? -- PART II:...
Persistent link: https://www.econbiz.de/10014479417
Rampant inflation is a major economic problem in many of the less developed countries; two out of three attempts to stabilize these economies fail. Inflation Stabilization provides a valuable description and a critical analysis of the disinflation programs introduced in Argentina, Bolivia,...
Persistent link: https://www.econbiz.de/10004973126
Persistent link: https://www.econbiz.de/10006689806
There may be both a high and a low inflation equilibrium when the government finances the deficit through seigniorage. Under rational expectations, the high inflation equilibrium is stable and the low inflation equilibrium unstable; under adaptive expectations or lagged adjustment of money...
Persistent link: https://www.econbiz.de/10005690982
The rate of inflation in Israel increased from 8 percent in 1965 to 300-400 percent in the first half of 1984. The inflationary process until 1977 was not qualitatively different from that in the OECD countries, but after the financial liberalization of 1977 the economy appeared to move into a...
Persistent link: https://www.econbiz.de/10005777966
A given amount of seigniorage revenue can be collected at either a high or a low rate of inflation. Thus there ray be two equilibria when a government finances its deficit by printing money--implying that an economy may be stuck in a high inflation equilibrium when, with the same fiscal policy,...
Persistent link: https://www.econbiz.de/10005830084
Persistent link: https://www.econbiz.de/10000860686
Persistent link: https://www.econbiz.de/10001261607
Persistent link: https://www.econbiz.de/10001117856
Persistent link: https://www.econbiz.de/10001092026