The Resource Obstacles to disinflation : what is the role of fiscal expectations?, prepared by Oya Ceasun, R. Gaston Gelos, and Alessandro Prati

Obstacles to disinflation : what is the role of fiscal expectations?, prepared by Oya Ceasun, R. Gaston Gelos, and Alessandro Prati

Label
Obstacles to disinflation : what is the role of fiscal expectations?
Title
Obstacles to disinflation
Title remainder
what is the role of fiscal expectations?
Statement of responsibility
prepared by Oya Ceasun, R. Gaston Gelos, and Alessandro Prati
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
Is backward-looking behavior in pricing or imperfect credibility of stabilization efforts responsible for the failure of inflation rates to decline to targeted levels during many disinflation programs? This paper assesses the relative importance of these two factors during a number of disinflation attempts in developing and transition economies. Using survey data, we find that expectations of future inflation play a much more important role than past inflation in shaping the inflation process. We also find that an improvement in primary fiscal balances significantly reduces inflation expectations. This suggests that during stabilization episodes, priority should be given to building fiscal credibility by strengthening public finances
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
332.11
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/111
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
no. WP/04/111
Label
Obstacles to disinflation : what is the role of fiscal expectations?, prepared by Oya Ceasun, R. Gaston Gelos, and Alessandro Prati
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647650582
Dimensions
unknown
Extent
1 online resource (34 pages)
File format
one file format
Form of item
online
Isbn
9781451898989
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37165082
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647650582
  • imf1282044184
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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