Add to ORKGHigh inflation economies often do not exhibit smooth inflationary processes, but rather stop-go cycles. This paper relates these stop-go episodes of inflation to a political cycle. The government can try to repress inflation until after the elections in order to increase the chances of being reelected. It is modeled as a two-period game of incomplete information where voters try to pick the most competent government, and inflation can be lowered by the government in the short run through foreign debt accumulation. Several stabilization episodes in Latin America, such as the Primavera Plan in Argentina and the Cruzado and Real Plans in Brazil, are used to illustrate the model
In a number of middle-income developing countries, the severe inflationary crises of the 1980s coinc...
Economists generally accept the proposition that high inflation rates generate inefficiencies that r...
The theoretical basis for the"heterodox shocks"recently implemented in Argentina and Brazil is that ...
High inflation economies do not always exhibit smooth inflationary processes; sometimes stop-go cycl...
This paper deals with political aspects of inflation and stabilization in developing countries. It i...
This paper deals with political aspects of inflation and stabilization in developing countries. it i...
This study tries to understand how Brazil and Argentina, two countries with chronically high inflati...
Inflation has been the dominant economic variable in Latin American during the 1980's. Moreover, it ...
Orthodox stabilization programs in Latin American countries have been notoriously unsuccessful in co...
This article analyzes the effects of the timing of elections on the timing and character of adopted ...
When the choice of the nominal anchor and timing of inflation stabilization is analyzed with models ...
This paper presents an intertemporal political economy model of public finance relevant for developi...
This paper is an empirical analysis of the likelihood of failure of inflation stabilization progra...
Inflation was a common problem for developing countries in the 1970s and 1980s. From the beginning o...
Economists generally accept the proposition that high and volatile inflation rates generate ineffici...
In a number of middle-income developing countries, the severe inflationary crises of the 1980s coinc...
Economists generally accept the proposition that high inflation rates generate inefficiencies that r...
The theoretical basis for the"heterodox shocks"recently implemented in Argentina and Brazil is that ...
High inflation economies do not always exhibit smooth inflationary processes; sometimes stop-go cycl...
This paper deals with political aspects of inflation and stabilization in developing countries. It i...
This paper deals with political aspects of inflation and stabilization in developing countries. it i...
This study tries to understand how Brazil and Argentina, two countries with chronically high inflati...
Inflation has been the dominant economic variable in Latin American during the 1980's. Moreover, it ...
Orthodox stabilization programs in Latin American countries have been notoriously unsuccessful in co...
This article analyzes the effects of the timing of elections on the timing and character of adopted ...
When the choice of the nominal anchor and timing of inflation stabilization is analyzed with models ...
This paper presents an intertemporal political economy model of public finance relevant for developi...
This paper is an empirical analysis of the likelihood of failure of inflation stabilization progra...
Inflation was a common problem for developing countries in the 1970s and 1980s. From the beginning o...
Economists generally accept the proposition that high and volatile inflation rates generate ineffici...
In a number of middle-income developing countries, the severe inflationary crises of the 1980s coinc...
Economists generally accept the proposition that high inflation rates generate inefficiencies that r...
The theoretical basis for the"heterodox shocks"recently implemented in Argentina and Brazil is that ...