Sánchez-Fung, José R.; Prazmowski, Peter A. - School of Economics, Kingston University - 2012
The paper compares the impact of announcing exchange-rate-based versus money-based stabilisation programmes in a cross …-section of countries. The analysis finds that the effect of announcing exchange-rate-based programmes is more credible, in terms … of reducing inflation inertia, than the outcome associated with implementing money-based programmes. But the gap between …