This paper deals with the effects of disinflation on economic activity in "chronic inflation" countries -- countries with a long inflationary history above the rates in industrialized countries, where labor and capital markets are adjusted to function in the inflationary environment. The sample is based on a number of Latin American countries and Israel. The main finding is that stabilization processes in chronic inflation countries do not normally...
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INFORMATION
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1990/10/31
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Document de travail de recherche sur les politiques
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WPS513
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1
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1
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2010/07/01
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The business cycle associated with exchange-rate-based stabilization
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Exchange Rates
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