Calvo, Guillermo A.; Végh, Carlos A. - In: Handbook of macroeconomics : volume 1, part C, (pp. 1531-1614). 1999
High and persistent inflation has been one of the distinguishing macroeconomic characteristics of many developing … countries since the end of World War II. Countries afflicted by chronic inflation, however, have not taken their fate lightly … inflation stabilization policies and balance-of-payments crises in developing countries. The chapter begins by trying to …