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Credibility and Signaling in Disinflation- a Cross Country Examination
(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 ...
Heterodox Inflation Stabilization in Argentina, Brazil, and Israel. A Historical Review and Some Stylized Facts
(Université de Montréal. Département de sciences économiques., 1997)
This article presents a review of the stabilization attempts in Argentina, Brazil, and Israel during the 1980’s. Earlier research is summarized and complemented with additional sources of contemporaneous information and a ...