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  • Credibility and Signaling in Disinflation- a Cross Country Examination 

    Ruge-Murcia, Francisco (Université de Montréal. Département de sciences économiques., 1997)
    This paper develops a model of money demand where the opportunity cost of holding money is subject to regime changes. The regimes are fully characterized by the mean and variance of inflation and are assumed to be the result of alternative government ...