haku: @indexterm inflation / yhteensä: 1175
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| Tekijä: | Edwards, S. |
| Otsikko: | Two crises: inflationary inertia and credibility |
| Lehti: | Economic Journal
1998 : MAY, VOL. 108:448, p. 680-702 |
| Asiasana: | ECONOMICS CRISES INFLATION |
| Kieli: | eng |
| Tiivistelmä: | This paper provides a comparative analysis of the Mexican currency in 1994 and the Chilean crisis of 1982 to assess to what extent exchange-rate-based stabilisation programs are successful in reducing -- or even eliminating - inflationary utopia. The paper provides a brief overview of the Chilean and Mexican reform and stabilisation programs. A theoretical model that emphasises the role of credibility is developed to analyse the effects of exchange-rate based stabilisation programs on inflationary inertia. |
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