Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis : Evidence From Uruguay /
Both analytical models and casual empiricism suggest that the timing of the recessionary costs associated with inflation stabilization in chronic inflation countries may depend on the nominal anchor which is used. Under money-based stabilization, the recession occurs at the beginning of the program,...
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| Main Authors: | , |
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| Other Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1995
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| Series: | IMF Working Papers ;
Working Paper No. 95/99 IMF Working Papers; Working Paper ; No. 1995/099 IMF eLibrary |
| Subjects: | |
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