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

dc.contributor.authorCalvo, Guillermo A.
dc.date.accessioned2007-01-18T16:48:08Z
dc.date.available2007-01-18T16:48:08Z
dc.date.issued2000-12-23
dc.identifier.urihttp://hdl.handle.net/1903/4028
dc.descriptionThe 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.en
dc.description.abstractThis 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.en
dc.format.extent99102 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen
dc.subjectprice stickinessen
dc.subjectemerging market economiesen
dc.subjectliability dollarizationen
dc.subjectfull dollarizationen
dc.titleNotes on Price Stickiness: With Special Reference to Liability Dollarization and Credibilityen
dc.typePresentationen
dc.relation.isAvailableAtDigital Repository at the University of Marylanden_us
dc.relation.isAvailableAtEconomics Departmenten_us
dc.relation.isAvailableAtCollege of Behavioral and Social Sciencesen_us
dc.relation.isAvailableAtUniversity of Maryland (College Park, Md.)en_us


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