University Of Zambia Online Public Access Catalogue
Unstable inflation and seignorage revenues in Latin America: how many times can the government fool people.
By: Marisset, Jecques.
Material type:
BookSeries: Policy research working paper 1287. Publisher: Washington : World Bank, 1994Subject(s): Monetory Policy | Latin America -- Financial policy. -- Latin America -- Financial policySummary: The paper argues that governments adopt monetory policies known to be unsastainable in the long run because in the short term they can fool people as this strategy backfires when prirate agents learn to anticipate the relationship between unstable inflation and monetory policy.
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The paper argues that governments adopt monetory policies known to be unsastainable in the long run because in the short term they can fool people as this strategy backfires when prirate agents learn to anticipate the relationship between unstable inflation and monetory policy.
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