haku: @indexterm Stabilization / yhteensä: 202
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| Tekijä: | Fackler, J. Rogers, J. |
| Otsikko: | Output, inflation and stabilization: a counterfactual analysis |
| Lehti: | Journal of International Money and Finance
1995 : OCT, VOL. 14:5, p. 619-640 |
| Asiasana: | OUTPUT INFLATION STABILIZATION |
| Kieli: | eng |
| Tiivistelmä: | The authors estimate a small open-economy macro model in which movements in inflation and output are driven by fiscal, real, monetary, exchange rate, and asset disturbances. They use 1980's data from Bolivia and Brazil, each of which undertook stabilization programs, though only Bolivia's succeeded. An important part of our analysis is "counterfactual", where hypothetical paths of output an deinfaltion under alternative policymaking scenarios are investigated. External shocks are important for Brazilian inflation. |
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