The output loss during disinflation

Martin Bailey

Estudios de Economia, 1981, vol. 8, issue 2 Year 1981, 1-26

Abstract: This paper deals with the output losses associated with periods of restrictive monetary and fiscal policy and of declining rates of inflation. The results using data from several countries for the seventies, tend to support the findings that inflation takes about three years to come down by the number of percentage points of the cutback of monetary expansion. Also it was found that the maximum rate of loss of output comes in the second year after the year of the cutback.

Date: 1981
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.econ.uchile.cl/uploads/publicacion/63c3 ... 038-242863bd7f87.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:udc:esteco:v:8:y:1981:i:2:p:1-26

Access Statistics for this article

Estudios de Economia is currently edited by Rómulo Chumacero

More articles in Estudios de Economia from University of Chile, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Verónica Kunze ().