A Guzmán le creen hasta ahí (propios y extraños): El mercado tomó nota de las declaraciones del ministro Guzmán. El mercado de futuros se ajustó y los bonos “dollar-linked” se pusieron muy...
Inflationary Rigidities and Stabilization Policies
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Inflationary Rigidities and Stabilization Policies
Kiguel & Liviatan, 1998.
A tight fiscal stance can stop episodes of hyperinflation. But it cannot, on its own, overcome the inertia of rising prices in countries suffering chronic inflation. Such countries can nevertheless strengthen their stabilization efforts by anchoring nominal prices to the money supply or the exchange rate.
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