Are Stabilization Programs Expansionary?

Federico Echenique and Alvaro Forteza ()

No 497, Documentos de Trabajo (working papers) from Department of Economics - dECON

Abstract: The empirical evidence presented in this paper casts doubts on the by now widely accepted "fact"that the exchange rate based stabilization programs are expansionary. Even though these programs were associated with output booms, no evidence of booms caused both by the stabilization programs is found. rather, positive external shocks seem to have caused both the output booms and the stabilization programs.

Keywords: Price stabilization; Inflation. (search for similar items in EconPapers)
JEL-codes: E63 F30 F41 O54 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1997-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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https://hdl.handle.net/20.500.12008/2306 (application/pdf)

Related works:
Journal Article: Are stabilization programs expansionary? (2000)
Working Paper: Are stabilization programs expansionary? (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:ude:wpaper:0497

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