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• W3048388912 abstract "Abstract This article presents a model in which distributional conflict and cross-sectoral interactions between demand and supply side forces determine inflation in developing countries. We show that the standard macroeconomic policy recommendations of inflation targeting and balanced budgets (i) increase volatility by amplifying external shocks and (ii) can lead to premature deindustrialization. The recent Brazilian experience is used to illustrate the argument." @default.
• W3048388912 created "2020-08-18" @default.
• W3048388912 creator A5053379534 @default.
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• W3048388912 date "2021-04-01" @default.
• W3048388912 modified "2023-10-18" @default.
• W3048388912 title "Sources of inflation and the effects of balanced budgets and inflation targeting in developing economies" @default.
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• W3048388912 doi "https://doi.org/10.1093/icc/dtab006" @default.
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