Schonerwald, Carlos (contributor); … - 2008
periods, and remains low. Whereas pass-through effects where high and close to 1 in the high-inflation period, they seem to … Industrialization (ISI) period of the 1950s and 1960s. Conventional results suggests that low and stable inflation environments lead to … rates in order to control the exchange rate. This paper suggests that 'fear of inflation' provides justification for the …