Monopolistic Competition, Credibility and the Output Costs of Disinflation Programs: An Analysis of Price Controls
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Brazil, Argentina and Israel all used price controls as part of disinflation programs in 1985-1986. In each case they were intended to break an "inertial" component of inflation. This paper focuses on a specific mechanism through which inflation inertia can emerge: the interaction between lack of
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美国国家经济研究局创建时间：
1987-06-01
