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

Graciela Kaminsky () and L. Leiderman

Working Papers from Tel Aviv

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.

Keywords: INTEREST RATE; MONETARY POLICY (search for similar items in EconPapers)
JEL-codes: E40 E52 (search for similar items in EconPapers)
Pages: 20 pages
Date: 1996
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: High real interest rates in the aftermath of disinflation: is it a lack of credibility? (1998)
Working Paper: High real interest rates in the aftermath of disinflation: is it a lack of credibility? (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:8-96

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