There is convincing empirical evidence that the cycle for exchange-rate-based disinflation in high-inflation Latin American economies typically begins with expansion and ends in recession - a surprising...
This paper deals with the effects of disinflation on economic activity in "chronic inflation" countries -- countries with a long inflationary history above the rates in industrialized countries, where...
The Austral plan in Argentina and the Cruzado plan in Brazil were major stabilization attempts with lasting effects on the inflation process in both countries. The purpose of this paper is to understand...