Inflationary Rigidities and Stabilization Policies
Miguel Alberto Kiguel · Nissan Liviatan · Banco Mundial
Jan 1988 · PPR Working Paper Series Book 4 · World Bank Publications
Ebook
84
Pages
About this ebook
A tight fiscal stance can stop episodes of hyperinflation. But it cannot, on its own, overcome the inertia of rising prices in countries suffering chronic inflation. Such countries can nevertheless strengthen their stabilization efforts by anchoring nominal prices to the money supply or the exchange rate.
A tight fiscal stance can stop episodes of hyperinflation. But it cannot, on its own, overcome the inertia of rising prices in countries suffering chronic inflation. Such countries can nevertheless strengthen their stabilization efforts by anchoring nominal prices to the money supply or the excha...
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