Models Of Inflation And The Costs Of Disinflation
Download and Read Models Of Inflation And The Costs Of Disinflation full books in PDF, ePUB, and Kindle. Read online free Models Of Inflation And The Costs Of Disinflation ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
Models of Inflation and the Costs of Disinflation
Author | : Mr.Bankim Chadha |
Publisher | : International Monetary Fund |
Total Pages | : 34 |
Release | : 1991-10-01 |
Genre | : Business & Economics |
ISBN | : 1451949480 |
Download Models of Inflation and the Costs of Disinflation Book in PDF, Epub and Kindle
This paper focuses on the output costs of disinflation. A model of inflation with both forward and backward elements seems to characterize reality. Such an inflation model is estimated using data for industrial countries, and the output costs of a disinflation path are calculated, first analytically in a simple theoretical model, then by simulation of a global, multi-region empirical model. The credibility of a preannounced path for money consistent with the lowest output loss is considered. An alternative, more credible policy may be to announce an exchange rate peg to a low inflation currency.
Models of Inflation and the Costs of Disinflation Related Books
Pages: 34
Pages: 34
Pages:
Pages: 54
Pages: 0