Exchange Rates, Nominal Inertia and Inflation.
This paper examines the use of the nominal exchange rate in achieving disinflation under managed exchange rate regimes. Most previous empirical studies have not explicitly identified expectations in the wage and price setting behavior of their econometric models, despite the importance of expectatio...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1998
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