Exchange-rate-based stabilization is designed to reduce inflation by using the exchange rate as the main nominal anchor. This does not necessarily mean a fixed exchange rate. A crawling peg with a low...
This paper provides an account of the proceedings of a conference held at the World Bank in January 1992 on currency substitution and currency boards. The discussion had two purposes. The first one was...
Inflation inertia may be quite tenacious because of the simultaneous interaction between policy actions and inflationary expectations under imperfect credibility. This result is particularly relevant for...
Measuring the independence of central banks and its effect on policy outcomes. On the transmission of world agricultural prices. How small enterprises in Ghana have responded to adjustment. The dynamics...
This article examines the effects of disinflation on economic activity in countries characterized by chronic inflation. Such countries have a long history of inflation at rates exceeding those in industrial...
On "hunger and public action": a review article on the book by Jean Dreze and Amartya Sen. Who wins and who loses from voluntary export restraints? - the case of footwear. When do heterodox stabilization...
What advantages and disadvantages does the heterodox strategy offer to stabilization programs in countries with chronic high inflation? heterodox stabilization programs, in our definition, are those that...
In order to combat inflation, Israel launched a stabilization program in July 1985 which resulted in inflation decreasing to a low 20 percent annually as compared with more than 400 percent in 1984. What...
Orthodox stabilization programs in Latin American countries have been notoriously unsuccessful in combating inflation, despite the imposition of stringent cuts in government deficits. In most cases inflation...
Agricultural incentives in developing countries: measuring the effect of sectoral and economywide policies. Inflationary rigidities and orthodox stabilization policies: lessons from Latin America. Nutrients:...