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Persistent link: https://www.econbiz.de/10009741649
Why do dynamic inconsistencies in monetary policy exist? In this paper we present a traditional model with output inefficiencies, but we allow for monetary policy to be influenced by the various constituencies in the economy, that pressure the Congress to in turn pressure the central bank to...
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This paper seeks to identify what worked and what didn't work to stop inflation in Argentina in the last seventy years …
Persistent link: https://www.econbiz.de/10011697482
conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper … complemented by better exchange rate management (resulting in lower exchange rate and inflation volatility) and more fiscal …
Persistent link: https://www.econbiz.de/10013336273
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained … and a fixed exchange rate policy during the 1970s led to a debt crisis that began in 1977. From 1977 to 1986, Bolivia lost … almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again, interrupted …
Persistent link: https://www.econbiz.de/10012892582
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained …, Bolivia lost almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again …. Bolivia has grown since 2002, but government policies since 2006 are reminiscent of the policies of the 1970s that led to the …
Persistent link: https://www.econbiz.de/10012898376
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained … and a fixed exchange rate policy during the 1970s led to a debt crisis that began in 1977. From 1977 to 1986, Bolivia lost … almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again, interrupted …
Persistent link: https://www.econbiz.de/10012479478
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