Series: IMF Working Papers
Author(s): A. Hamann , and Alessandro Prati
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2002
Keywords: stabilization, inflation, inflation stabilization, high inflation, inflation stabilizations,
Many inflation stabilizations succeed only temporarily. Using a sample of 51 episodes of stabilization from inflation levels above 40 percent, we show that most of the failures are explained by bad luck, unfavorabl...