Prazmowski, Peter A. and Sanchez Fung, Jose (2012) Assessing the impact of different nominal anchors on the credibility of stabilisation programmes. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 19 p. (Economics Discussion Paper, no. 2012/1)
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Abstract
The paper compares the impact of announcing exchange-rate-based versus money-based stabilisation programmes in a cross-section of countries. The analysis finds that the effect of announcing exchange-rate-based programmes is more credible, in terms of reducing inflation inertia, than the outcome associated with implementing money-based programmes. But the gap between the magnitudes of the impacts from implementing the different strategies has been falling since the 1970s.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Research Area: | Economics and econometrics |
| Faculty, School or Research Centre: | Faculty of Arts and Social Sciences (until 2017) > School of Economics (until November 2012) |
| Depositing User: | José Sanchez Fung |
| Date Deposited: | 24 May 2012 13:32 |
| Last Modified: | 16 Jul 2012 21:55 |
| URI: | http://eprints.kingston.ac.uk/id/eprint/22817 |
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