Por Miguel A. Kiguel
Todos sabemos cómo funciona el cepo, y hemos aprendido a vivir con tasas de interés reales negativas, a usar el dólar Contado con Liqui para eludir los controles...
Some Implications of Policy Games for High Inflation Economies
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Some Implications of Policy Games for High Inflation Economies
Kiguel & Liviatan, 1990.
Programs based on tight fiscal and monetary policies (the orthodox approach) are slow at reducing inflation in high-inflation countries. Why? The policy-game approach sheds light on the credibility problems that raise the public's inflationary expectations.
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