Stabilization, persistence, and inflationary convergence: a comparative analysis

The role of inflationary persistence has become a recurrent theme in discussions on stabilization programs (Fischer, 1986). This has particularly been the case in recent debates on the merits of exchange-rate-based stabilization plans. Some authors claim that anti-inflationary programs based on pred...

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Autores principales:	Edwards, Sebastián, 1953-, Lefort, Fernando
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	INFLACIÓN TIPO DE CAMBIO ESTABILIDAD ECONÓMICA
Acceso en línea:	https://hdl.handle.net/20.500.12580/3628
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spelling	oai-20.500.12580-36282021-04-24T10:55:40Z Stabilization, persistence, and inflationary convergence: a comparative analysis Edwards, Sebastián, 1953- Lefort, Fernando INFLACIÓN TIPO DE CAMBIO ESTABILIDAD ECONÓMICA The role of inflationary persistence has become a recurrent theme in discussions on stabilization programs (Fischer, 1986). This has particularly been the case in recent debates on the merits of exchange-rate-based stabilization plans. Some authors claim that anti-inflationary programs based on predetemined nominal exchange rates are effective in reducing inflation. Others argue, however, that in the context of stub born inflationary inertia these type of programs are bound to generate real exchange rate overvaluation and, in some cases, can ever result in major crises. 2019-11-01T00:01:36Z 2019-11-01T00:01:36Z 2002 Artículo 956-7421-110 https://hdl.handle.net/20.500.12580/3628 eng Serieson Central Banking, Analysis, and Economic Policies, no. 2 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 65-104 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	INFLACIÓN TIPO DE CAMBIO ESTABILIDAD ECONÓMICA
spellingShingle	INFLACIÓN TIPO DE CAMBIO ESTABILIDAD ECONÓMICA Edwards, Sebastián, 1953- Lefort, Fernando Stabilization, persistence, and inflationary convergence: a comparative analysis
description	The role of inflationary persistence has become a recurrent theme in discussions on stabilization programs (Fischer, 1986). This has particularly been the case in recent debates on the merits of exchange-rate-based stabilization plans. Some authors claim that anti-inflationary programs based on predetemined nominal exchange rates are effective in reducing inflation. Others argue, however, that in the context of stub born inflationary inertia these type of programs are bound to generate real exchange rate overvaluation and, in some cases, can ever result in major crises.
format	Artículo
author	Edwards, Sebastián, 1953- Lefort, Fernando
author_facet	Edwards, Sebastián, 1953- Lefort, Fernando
author_sort	Edwards, Sebastián, 1953-
title	Stabilization, persistence, and inflationary convergence: a comparative analysis
title_short	Stabilization, persistence, and inflationary convergence: a comparative analysis
title_full	Stabilization, persistence, and inflationary convergence: a comparative analysis
title_fullStr	Stabilization, persistence, and inflationary convergence: a comparative analysis
title_full_unstemmed	Stabilization, persistence, and inflationary convergence: a comparative analysis
title_sort	stabilization, persistence, and inflationary convergence: a comparative analysis
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3628
work_keys_str_mv	AT edwardssebastian1953 stabilizationpersistenceandinflationaryconvergenceacomparativeanalysis AT lefortfernando stabilizationpersistenceandinflationaryconvergenceacomparativeanalysis
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Stabilization, persistence, and inflationary convergence: a comparative analysis

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