The inflation-devaluation-inflation hypothesis in Nicaragua

by Bill Gibson

When the economy is shocked by devaluation, prices do not rise proportionately. Output increases and the distribution of income can actually improve. These results support Sandinista policy of raising wages along with devaluation, a policy widely criticised as counterproductive

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Year of publication:	1991
Authors:	Gibson, Bill
Published in:	The journal of development studies : JDS. - Abingdon, Oxfordshire : Routledge, ISSN 0022-0388, ZDB-ID 3018-1. - Vol. 27.1991, 2, p. 238-255
Subject:	Makroökonometrie \| Macroeconometrics \| Gleichgewichtstheorie \| Equilibrium theory \| Inflation \| Wechselkurspolitik \| Exchange rate policy \| Nicaragua

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Source:	ECONIS - Online Catalogue of the ZBW

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