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Calvo, Guillermo
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(1997). - XIII, 484 S. : graph. Darst. - Enth. 18 Beitr.
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1
Nominal Exchange Rate Anchoring Under
Inflation
Inertia
Calvo, Guillermo
-
2002
This paper develops a theory of
inflation
inertia based on forward looking staggered price setting in the nontradable …
inflation
rate take time even if they are fully credible, and they are associated with significant output losses in nontradables …
Persistent link: https://www.econbiz.de/10014399594
Saved in:
2
Exchange-Rate-Based Stabilization under Imperfect Credibility
Calvo, Guillermo
-
1991
inflation
rate, with no effect on output or consumption. In contrast, a non-credible stabilization results in an initial … expansion of output, followed by a later recession. The
inflation
rate of home goods remains above the rate of devaluation …
Persistent link: https://www.econbiz.de/10014396006
Saved in:
3
Credibility and the Dynamics of Stabilization Policy : A Basic Framework
Calvo, Guillermo
-
1990
This paper studies price stabilization policy under both predetermined and flexible exchange rates. Under predetermined exchange rates, a non-credible stabilization program results in an initial expansion of output, followed by a later recession. The initial expansion accompanies an appreciating...
Persistent link: https://www.econbiz.de/10014395850
Saved in:
4
Targeting the Real Exchange Rate : Theory and Evidence
Végh Gramont, Carlos A.
-
1994
depreciated level of the real exchange can only be attained temporarily. This can be achieved by means of higher
inflation
and … the model’s prediction that undervalued real exchange rates are associated with higher
inflation
…
Persistent link: https://www.econbiz.de/10014396285
Saved in:
5
Stabilization Dynamics and Backward-Looking Contracts
Végh Gramont, Carlos A.
-
1993
been that, in the presence of
inflation
inertia, a reduction in the nominal interest rate causes the domestic real interest …
Persistent link: https://www.econbiz.de/10014398585
Saved in:
6
Currency Substitution in Developing Countries : An Introduction
Calvo, Guillermo
-
1992
substitution affects the choice of nominal anchors in
inflation
stabilization programs; third, the effects of changes in the rate …
Persistent link: https://www.econbiz.de/10014395768
Saved in:
7
Interest Rate Targeting in a Small Open Economy : The Predetermined Exchange Rates Case
Calvo, Guillermo
-
1990
inflation
rate indeterminacy. This paper develops a simple framework in which such problems do not arise because the bonds whose …
Persistent link: https://www.econbiz.de/10014395997
Saved in:
8
Management of the Nominal Public Debt Theory and Applications
Guidotti, Pablo Emilio
-
1990
, when the public debt is non—indexed, policy—makers are tempted to use
inflation
in order to reduce the real value of the …
Persistent link: https://www.econbiz.de/10014395856
Saved in:
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