of the data is that inflation is low relative to the rate of devaluation. We argue that distribution costs and …This paper studies the behavior of inflation after nine large post-1990 contractionary devaluations. A salient feature … substitution away from imports to lower quality local goods can account quantitatively for the post-devaluation behavior of prices. …

of the data is that inflation is low relative to the rate of devaluation. We argue that distribution costs and … substitution away from imports to lower quality local goods can account quantitatively for the post-devaluation behavior of prices. …

of the data is that inflation is low relative to the rate of devaluation. We argue that distribution costs and …This Paper studies the behaviour of inflation after nine large post-1990 contractionary devaluations. A salient feature … substitution away from imports to lower quality local goods can account quantitatively for the post-devaluation behaviour of prices. …

of the data is that inflation is low relative to the rate of devaluation. We argue that distribution costs and … substitution away from imports to lower quality local goods can account quantitatively for the post-devaluation behavior of prices. …

The article develops a stylized medium-run post-Kaleckian open economy model with conflict inflation and combines two … on the trade balance are necessary conditions for stability. It is shown that the effects of a devaluation on aggregate … demand, growth, trade balance, and inflation are generally ambiguous and highly contingent on the parameter constellation of …

June, inflation has continued to accelerate, reflecting the ongoing expansionary fiscal stance, but also the lengthy nature …

movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …