Vargas H., Hernando; Betancourt G., Rocío - In: El Trimestre Económico LXXVII (1) (2010) 305, pp. 105-128
The lack of political support for low inflation and the existence of serious threats of Central Bank Independence (CBI) removal may induce a gradual approach to disinflation by an independent and committed Central Bank (CB). A simple two-period model is used to link two facts observed in...