Uncertain duration of reform: Dynamic implications

Macroeconomic Dynamics

Volumn 2, Issue 4, 1998, Pages 443-455

  Calvo, Guillermo A ^a   Drazen, Allan ^b  

^a UNIVERSITY OF MARYLAND   (United States)

^b NONE

Author keywords

Credibility; Reform; Stabilization

Indexed keywords

EID: 0032218262     PISSN: 13651005     EISSN: None     Source Type: Journal    
DOI: 10.1017/S136510059800902X     Document Type: Article

References (10)

1. Bufman, G. & L. Leiderman (1992) Simulating an optimizing model of currency substitution. Revista de Análisis Económico 7, 109-124.
2. Calvo, G. & C. Végh (1993) Exchange-rate based stabilization under imperfect credibility. In Open Economy Macroeconomics, New York: Macmillan; reprinted in G. Calvo (1993) Money, Exchange Rates, and Output, pp. 365-390. Cambridge, MA: MIT Press.
3. Calvo, G. & C. Végh (1993) Exchange-rate based stabilization under imperfect credibility. In Open Economy Macroeconomics, New York: Macmillan; reprinted in G. Calvo (1993) Money, Exchange Rates, and Output, pp. 365-390. Cambridge, MA: MIT Press.
4. Calvo, G. & F. Coricelli (1993) Output collapse in Eastern Europe: The role of credit. IMF Staff Papers 40, 32-52.
5. Drazen, A. & E. Helpman (1988) Stabilization with exchange rate management under uncertainty. In E. Helpman, A. Razin & E. Sadka (eds.), Economic Effects of the Government Budget, pp. 310-327. Cambridge, MA: MIT Press.
6. Drazen, A. & E. Helpman (1990) The effect of anticipated macroeconomic policies. Review of Economic Studies 57, 147-166.
7. Kiguel, M. & N. Liviatan (1992) The business cycle associated with exchange-rate based stabilization. World Bank Economic Review 6, 279-305.
8. Reinhart, C. & C. Végh (1992) Nominal interest rates, consumption booms, and lack of credibility: A quantitative investigation. Manuscript, International Monetary Fund.
9. van Wijnbergen, S. (1988) Inflation, balance of payments crises, and public sector deficits. In E. Helpman, A. Razin & E. Sadka (eds.), Economic Effects of the Government Budget, pp. 287-309. Cambridge, MA: MIT Press.
10. Végh, C. (1992) Stopping high inflation: An analytical overview. IMF Staff Papers 39, 626-695.