In response to high and chronic inflation, countries have adopted different stabilization policies. However, the extent to which these stabilization programs were designed for political motives is not clear. Since exchange-rate-based stabilizations (ERBS) create an initial consumption boom...

In response to the high and chronic inflation that has plagued the developing world since the 1980's, countries adopted different stabilization policies. However, to what extent these stabilization programs were designed for political rather than economic motivations is not clear. Nor is it...

In response to high and chronic inflation, countries have adopted different stabilization policies. However, the extent to which these stabilization programs were designed for political motives is not clear. Since exchange-rate-based stabilizations (ERBS) create an initial consumption boom...