Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108052
Authors: 
Burstein, Ariel
Eichenbaum, Martin
Rebelo, Sergio
Year of Publication: 
2003
Series/Report no.: 
IEHAS Discussion Papers MT-DP - 2003/8
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.
Subjects: 
inflation
devaluation
exchange rates
JEL: 
F31
Document Type: 
Working Paper

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