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This paper examines the persistence of inflation in inflation and non-inflation targeting countries. It is shown … empirically that inflation persistence has fallen in inflation targeting countries relative to some non-inflation targeting … countries. However, it is not possible to determine at present whether the institutional design of inflation targets and the …
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In a single volume, this book treats the theoretical, empirical, and case studies approaches to the implementation of monetary reforms and discusses specific countries' experiences with these approaches. The analyses are not restricted to central bank or exchange rate reforms, but consider all...
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is best suited to reducing or stabilizing inflation. In political economy terms, the choice of monetary arrangement will …
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