Holdings: Disinflation and the Supply Side

Disinflation and the Supply Side

The authors study the dynamics of output, consumption, and real wages induced by a disinflation program based on permanent and temporary reductions in the nominal devaluation rate. They use an intertemporal optimizing model of a small open economy...

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Bibliographic Details
Main Authors:	Agenor, Pierre-Richard, Lodovico, Pizzati
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ASSETS BORROWING CAPITAL ACCUMULATION CAPITAL GAINS CAPITAL GOODS CAPITAL MARKETS CAPITAL MOBILITY CAPITAL STOCK CAPITAL- LABOR CENTRAL BANK CONSTANT RATE CONSTANT RETURNS CONSTANT RETURNS TO SCALE CONSUMERS CONSUMPTION INCREASES COUNTRY RISK CURRENT ACCOUNT BALANCE CURRENT ACCOUNTS DEBT DECREASING RETURNS DEFICITS DEMAND ELASTICITY DEVALUATION DISINFLATION DYNAMIC MODEL EARNINGS ELASTICITIES ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL EVIDENCE EMPIRICAL STUDIES EMPLOYMENT ENDOGENOUS VARIABLE EQUILIBRIUM EXCESS DEMAND EXCHANGE RATE EXCHANGE RATE APPRECIATION EXTERNAL DEBT FIRST YEAR FOREIGN ASSETS FOREIGN CURRENCY GOVERNMENT BONDS GOVERNMENT EXPENDITURE GROSS INVESTMENT IMPORTS INCOME INCOME EFFECT INCREASE IN LABOR INFLATION RATE INTEREST RATE LABOR SUPPLY LEISURE LEVEL OF OUTPUT MARGINAL COST MARGINAL PRODUCT MARGINAL PRODUCTIVITY MARGINAL UTILITY MARGINAL VALUE MARKET VALUE MONEY BALANCES MONEY DEMAND MONEY MARKET MONEY STOCK MONEY SUPPLY NET INCOME NET INVESTMENT NET WORTH NOMINAL INTEREST RATE NOMINAL INTEREST RATES NUMERICAL SIMULATIONS OFFICIAL RESERVES OPPORTUNITY COST PRESENT PRICES PRESENT VALUE PRIVATE CONSUMPTION PRODUCERS PRODUCTION FUNCTION PRODUCTION INPUTS PRODUCTION PROCESS PRODUCTION TECHNOLOGY RATE OF RETURN REAL EXCHANGE RATE REAL INTEREST RATE REAL RATE OF INTEREST REAL WAGE REAL WAGES RECESSION RESERVES RISK PREMIUM SCENARIOS SIDE EFFECTS SIMULATION TECHNIQUES STABILIZATION STABILIZATION PROGRAMS STATE EQUILIBRIUM SUPPLY CURVE TOTAL CONSUMPTION TOTAL OUTPUT TRADE BALANCE TRADE DEFICIT UTILITY FUNCTION WAGES WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2000/03/437968/disinflation-supply-side http://hdl.handle.net/10986/19846

Internet

http://documents.worldbank.org/curated/en/2000/03/437968/disinflation-supply-side
http://hdl.handle.net/10986/19846

Disinflation and the Supply Side

Internet

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