Buffie, Edward F.; O'Connell, Stephen A.; Pattillo, … - International Monetary Fund (IMF) - 2007
, policymakers, particularly in post-stabilization countries where inflation has only recently been brought under control, have been …-won inflation gains. We use a stochastic simulation model, in which private sector currency substitution effects play a central role … increasingly preoccupied with how best to deploy the available instruments of monetary policy without yielding on hard …