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Losing Credibility
			: The Stabilization Blues

Losing Credibility : The Stabilization Blues »

Volume/Issue: 1992/73

Series: IMF Working Papers

Author(s): Pablo Guidotti , and Carlos Végh Gramont

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1992

DOI: http://dx.doi.org/10.5089/9781451958591.001

ISBN: 9781451958591

Keywords: exchange rate, balance of payments, balance of payments crisis, nominal interest rate, real exchange rate

In exchange rate-based stabilization programs, credibility often follows a distinct time pattern. At first it rises as the highly visible nominal anchor provides a sense of stability and hopes run high for a perman...

Macroeconomic Models for the PC+L862

Macroeconomic Models for the PC+L862 »

Volume/Issue: 1992/110

Series: IMF Working Papers

Author(s): Willem Bier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1992

DOI: http://dx.doi.org/10.5089/9781451853261.001

ISBN: 9781451853261

Keywords: money supply, balance of payments, inflation, domestic prices, demand for money

This paper describes a computer program with which one can build macroeconomic models. It is possible to specify up to eighteen behavioral equations, each with between five and eleven independent variables. For cer...

Losing Credibility

Losing Credibility »

Source: Losing Credibility : The Stabilization Blues

Volume/Issue: 1992/73

Series: IMF Working Papers

Author(s): Pablo Guidotti , and Carlos Végh Gramont

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1992

ISBN: 9781451958591

Keywords: exchange rate, balance of payments, balance of payments crisis, nominal interest rate, real exchange rate

In exchange rate-based stabilization programs, credibility often follows a distinct time pattern. At first it rises as the highly visible nominal anchor provides a sense of stability and hopes run high for a perman...

Macroeconomic Models for the PC+L862

Macroeconomic Models for the PC+L862 »

Source: Macroeconomic Models for the PC+L862

Volume/Issue: 1992/110

Series: IMF Working Papers

Author(s): Willem Bier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1992

ISBN: 9781451853261

Keywords: money supply, balance of payments, inflation, domestic prices, demand for money

This paper describes a computer program with which one can build macroeconomic models. It is possible to specify up to eighteen behavioral equations, each with between five and eleven independent variables. For cer...