Devaluation, Devaluation Expectations and Price Dynamics

Datos Bibliográficos

ID9727480
AutoresDaniel Himarios (autor de correspondencia)
Año1987
Volumen54
Número215
Páginas299
Fecha de publicación1987-08-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaEconomica (JOURNAL)
Identificadores de la revistaISSN: 0013-0427 • E-ISSN: 1468-0335
EditorialJSTOR (PUBLISHER)
DOI10.2307/2554444
OpenAlexW2014840299
IdiomaEN
Citas recibidas1
Referencias citadas7

This paper investigates the inflationary impact of actual and expected de valuations. The empirical evidence indicates that (1) the effects of devaluation on the price level are felt for at least three years; (2) in the majority of the cases, the ceteris paribus inflationary impac t of devaluation is mild; (3) significant differences concerning the devaluation-inflation relationship exist across countries but there i s little evidence to suggest that such differences exist, in general, across time within a country; and (4) the anticipation of devaluatio n can have severe inflationary consequences and can lead to price lev el overshooting. Copyright 1987 by The Review of Economic Studies Limited

Devaluation · Economics · Exchange rate · Monetary economics · Fiscal Policy and Economic Growth · Housing Market and Economics · Monetary Policy and Economic Impact