High Real Interest Rates in the Aftermath of Disinflation: Is It a Lack of Credibility

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High Real Interest Rates in the Aftermath of Disinflation: Is It a Lack of Credibility

Author Info

Kaminsky, G.L.
Leiderman, L.

Additional information is available for the following registered author(s):

Graciela Laura Kaminsky

Abstract

This paper explores the empirical relevance of arguments based on lack of credibility for explaining high ex post real interest rates afetr stabilization programs were implemented in Argentina, Israel, and Mexico in the mid-1980s.

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Paper provided by Tel Aviv in its series Papers with number 8-96.

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Length: 20 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fth:teavfo:8-96

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Article
- Kaminsky, Graciela L. & Leiderman, Leonardo, 1998. "High real interest rates in the aftermath of disinflation: is it a lack of credibility?," Journal of Development Economics, Elsevier, vol. 55(1), pages 191-214, February. [Downloadable!] (restricted)
Paper
- Graciela L. Kaminsky & Leonardo Leiderman, 1996. "High real interest rates in the aftermath of disinflation: is it a lack of credibility?," International Finance Discussion Papers 543, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]

Find related papers by JEL classification:
E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General

Cited by:
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[The twin crises: Te causes of banking and balance of payments problems]," MPRA Paper 13842, University Library of Munich, Germany. [Downloadable!]
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Chin-Shien Lin & Haider A. Khan & Ying-Chieh Wang & Ruei-Yuan Chang, 2006. "A New Approach to Modeling Early Warning Systems for Currency Crises : can a machine-learning fuzzy expert system predict the currency crises effectively?," CIRJE F-Series CIRJE-F-411, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
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