Calvo, Guillermo A.; Mendoza, Enrique G. - 1998
no systematic link between thedecline in inflation and the upward adjustments in indexed interest rates. Third,changes in … the exchange rate and in the performance of the external sector helpexplain the decline in inflation. Fourth, the strong … Development Institute of the World Bank and held in WashingtonD.C., December 17-18, 1997. …