Disinflation and interest-bearing money

Economic Journal

Volumn 106, Issue 439, 1996, Pages 1546-1563

  Calvo, Guillermo A ^a   Végh, Carlos A ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0003317941     PISSN: 00130133     EISSN: None     Source Type: Journal    
DOI: 10.2307/2235200     Document Type: Article

References (28)

1. Barkai, H. (1990). 'The role of monetary policy in Israel's 1985 stabilization effort.' IMF Working Paper 90/29.
2. Batten, D. S., Blackwell, M. P., Kim, I., Nocera, S. E. and Ozeki, Y. (1990). The Conduct of Monetary Policy in the Major Industrial Countries: Instruments and Operating Procedures. IMF Occasional Paper no. 70.
3. Brock, P. L. (1989). 'Reserve requirements and the inflation tax.' Journal of Money, Credit and Banking, vol. 21, pp. 106-21.
4. Calvo, G. A. (1983). 'Staggered prices in a utility-maximizing framework.' Journal of Monetary Economics, vol. 12, pp. 383-98.
5. Calvo, G. A. and Végh, C. A. (1990a). 'Interest rate policy in a small open economy: the predetermined exchange rates case.' IMF Staff Papers, vol. 37, pp. 753-76.
6. Calvo, G. A. and Végh, C. A. (1990A). 'Money-supply and interest-rate policy in a New-Keynesian framework.' IMF Working Paper 90/119.
7. Calvo, G. A. and Végh, C. A. (1994). 'Credibility and the dynamics of stabilization policy: a basic framework.' In Advances in Econometric Theory (ed. Christopher Sims). Cambridge: Cambridge University Press.
8. Calvo, G. A. and Végh, C. A. (1995). 'Fighting inflation with high interest rates: the small open economy case under flexible prices.' Journal of Money, Credit and Banking, vol. 27, pp. 49-66.
9. Calomiris, C. W. and Domowitz, I. (1989). 'Asset substitution, money demand and the inflation process in Brazil.' Journal of Money, Credit and Banking, vol. 21, pp. 78-89.
10. Clifton, E. (1990). 'Real interest rate targeting: an example from Brazil.' IMF Working Paper 90/11.
11. Cook, T. and Hahn, T. (1989). 'The effect of changes in the federal funds rate target on market interest rates in the 1970s.' Journal of Monetary Economics, vol. 24, pp. 331-51.
12. Dornbusch, R., Sturzenegger, F. and Wolf, H. (1990). 'Extreme inflation: dynamics and stabilization." Brooking Papers on Economic, Activity, no. 2. pp. 1-84.
13. Englund, P. and Svennson, L. E. O. (1988). 'Money and banking in a cash-in-advance economy.' International Economic Review, vol. 29, pp. 681-705.
14. Fernandez, R. (1990). 'Real interest rates and the dynamics of hyperinflation : the case of Argentina.' Mimeo, IMF.
15. Kasman, B. (1992). 'A comparison of monetary policy operating procedures in six industrial countries.' Federal Reserve Bank of New York Quarterly Review, vol. 17, pp. 5-24.
16. Keynes, J. M. (1924). Indian Currency and Finance. London: MacMillan.
17. Mendoza, E. and Fernandez, F. (1994). 'Monetary transmission and financial indexation : evidence from the Chilean economy.' IMF Working Paper PPAA 94/17.
18. Papell, D. (1990). 'Money supply and interest rate policy in Japan, the United Kingdom, and the United States.' Mimeo, University of Houston.
19. Phelps, E. S. (1978). 'Disinflation without recession: adaptive guideposts and monetary policy.' Weltwirtschaftliches Archiv, vol. 100 (December).
20. Reinhart, C. M. and Reinhart, V. (1991). Output fluctuations and monetary shocks: evidence from Colombia.' IMF Staff Papers, vol. 38, pp. 705-35.
21. Reinhart, V. (1992). 'The design of an interest rate rule with staggered contracting and costly transacting.' Journal of Macroeconomics, vol. 14, pp. 663-88.
22. Rodriguez, C. A. (1990). 'Macroeconomics of the public sector deficit: the case of Argentina.' Mimeo, the World Bank.
23. Rodriguez, C. A. (1991). 'Financial reform and macroeconomic developments in Argentina, Chile, and Uruguay during the decade of the 80's.' Mimeo, CEMA (Buenos Aires).
24. Santomero, A. M. (1979). 'The role of transaction costs and rates of return on the demand deposit decision.' Journal of Monetary Economics, vol. 5, pp. 343-64.
25. Taylor, J. B. (1979). 'Staggered wage setting in a macro model.' American Economic Review, Papers and Proceedings, vol. 69, pp. 108-13.
26. Taylor, J. B. (1980). 'Aggregate dynamics and staggered contracts.' Journal of Political Economy, vol. 88, pp. 1-23.
27. Walsh, C. E. (1984). Optimal taxation by the monetary authority.' NBER Working Paper no. 1375.
28. Whitesell, W. C. (1989) 'The demand for currency versus debitable accounts.' Journal of Money, Credit and Banking, vol. 21, pp. 246-51.