Skip to content
University of Maryland LibrariesDigital Repository at the University of Maryland
    • Login
    View Item 
    •   DRUM
    • College of Behavioral & Social Sciences
    • Economics
    • Economics Research Works
    • View Item
    •   DRUM
    • College of Behavioral & Social Sciences
    • Economics
    • Economics Research Works
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Notes on Price Stickiness: With Special Reference to Liability Dollarization and Credibility

    Thumbnail
    View/Open
    ciecrp12.pdf (96.77Kb)
    No. of downloads: 1277

    Date
    2000-12-23
    Author
    Calvo, Guillermo A.
    Metadata
    Show full item record
    Abstract
    This paper is motivated by trying to understand the implication of price stickiness in Emerging Market economies, EMs. The issue is important because EMs are subject to significantly higher volatility of fundamentals than advanced countries (see Hausmann and Rojas-Suarez (1996)). Thus, full-equilibrium relative prices are also likely to exhibit large volatility in EMs, making price stickiness an even more critical issue in EMs than in advanced countries.
    Notes
    The paper was prepared for a Plenary Session of the annual conference of the Society of Economic Dynamics, held in San Jose, Costa Rica, June 22-24, 2000.
    URI
    http://hdl.handle.net/1903/4028
    Collections
    • Economics Research Works

    DRUM is brought to you by the University of Maryland Libraries
    University of Maryland, College Park, MD 20742-7011 (301)314-1328.
    Please send us your comments.
    Web Accessibility
     

     

    Browse

    All of DRUMCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    LoginRegister
    Pages
    About DRUMAbout Download Statistics

    DRUM is brought to you by the University of Maryland Libraries
    University of Maryland, College Park, MD 20742-7011 (301)314-1328.
    Please send us your comments.
    Web Accessibility