Why Are Rates of Inflation So Low After Large Devaluations?
收藏NBER2002-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8748
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资源简介：
This paper studies the behavior of inflation after nine large post-1990 contractionary devaluations. A salient feature of the data is that inflation is low relative to the rate of devaluation. We argue that distribution costs and substitution away from imports to lower quality local goods can
提供机构：
美国国家经济研究局
创建时间：
2002-01-01
