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| 001 | WPIEA1112004 | ||
| 003 | IMF | ||
| 005 | 20190405163613.0 | ||
| 006 | m o d | ||
| 007 | cr cn||||||||| | ||
| 008 | 020129s2004 dcu o i00 0 eng d | ||
| 020 |
_a1451853505 : _c15.00 USD |
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| 020 | _z9781451853506 | ||
| 022 | _a1018-5941 | ||
| 024 | 7 |
_a10.5089/9781451853506.001 _2doi |
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| 035 | _a(IMF)WPIEA1112004 | ||
| 040 |
_aDcWaIMF _beng |
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| 100 | 1 | _aGelos, R. | |
| 245 | 1 | 0 |
_aObstacles to Disinflation _h[electronic resource] : _bWhat is the Role of Fiscal Expectations? / _cR. Gelos. |
| 260 |
_aWashington, D.C. : _bInternational Monetary Fund, _c2004. |
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| 300 | _a1 online resource (35 p.) | ||
| 490 | 1 |
_aIMF Working Papers; Working Paper ; _vNo. 04/111 |
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| 520 | 3 | _aIs 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. | |
| 588 | _aDescription based on print version record. | ||
| 650 | 7 |
_aCentral Bank _2imf |
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| 650 | 7 |
_aExpectation Formation _2imf |
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| 650 | 7 |
_aInflation Dynamics _2imf |
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| 650 | 7 |
_aInflation _2imf |
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| 650 | 7 |
_aMonetary Fund _2imf |
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| 650 | 7 |
_aOpen Economy Macroeconomics _2imf |
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| 651 | 7 |
_aBulgaria _2imf |
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| 700 | 1 | _aCelasun, Oya. | |
| 700 | 1 | _aGelos, R. | |
| 700 | 1 | _aPrati, Alessandro. | |
| 776 | 0 | 8 |
_iPrint Version: _aGelos, R. _tObstacles to Disinflation : What is the Role of Fiscal Expectations? _dWashington, D.C. : International Monetary Fund, 2004. _z9781451853506 |
| 830 | 0 |
_aIMF Working Papers; Working Paper ; _vNo. 04/111 |
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| 856 | 4 | 0 |
_uhttp://elibrary.imf.org/view/IMF001/04992-9781451853506/04992-9781451853506/04992-9781451853506.xml _zIMF e-Library |
| 856 | 4 | 0 |
_uhttp://www.imfbookstore.org/IMFORG/9781451853506 _zIMF Book Store |
| 999 |
_c151887 _d151887 |
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