Real effects of high inflation, Issues 2000-2085
International Monetary Fund, Western Hemisphere Department, 2000 - Business & Economics - 22 pages
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23 inflation crises annual negative Argentina Bolivia Brazil capital stock correlation between inflation Costa Rica Country Peak Inflation crisis data set decline in real different theoretical mechanisms economic effect on real effects of inflation eight real variables external accounts improve find a negative Fischer GDP growth Ghosh and Phillips growth growth growth high inflation episodes hyperinflations inflation and growth Inflation log inflation peak inflation rate inflation time dummies labor supply M2 are expressed macroeconomic Mexico and Ghana monetary growth n Yg negative effect negative n Ig negative real effects negative relation neoclassical growth model Nicaragua Number observations pattern percent in Costa percent in Ghana percent in Mexico percent of GDP Peru populist private consumption real exchange rate real LIBOR real M2 real wages reduce real balances relation between inflation relative price Sahay and Vegh Sidrausky's significant stabilization Stockman studies superneutrality Suriname terms of trade Tobin effect trade balance Uruguay