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- W1569210278 abstract "This paper studies the behavior of inflationnafter nine large post-1990 contractionary devaluations. A salient feature of the data is that inflation is low relative to the rate of devaluation. We argue that distribution costs and substitution away from imports to lower quality local goods can account quantitatively for the post-devaluation behavior of prices." @default.
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- W1569210278 date "2003-06-01" @default.
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- W1569210278 title "Why is Inflation so Low after Large Devaluations" @default.
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