Unstable inflation and seignorage revenues in Latin America : How many times can the government fool people? (English)

In the past 20 years, high and extremely volatile inflation rates in Latin America have generally been associated with unstable monetary policies and the (temporary) use of inflationary revenues to finance fiscal deficits. There seems to be a consensus that high inflation is bad for economic development and growth, so it is unclear why governments have adopted unstable monetary policies they have known to be unsustainable in the long run. This paper...

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Author

DEC;

Morisset, Jacques;
Document Date
1994/04/30
Document Type
Policy Research Working Paper
Report Number
WPS1287
Volume No
1
Total Volume(s)
1
Country
Latin America, Caribbean,
Region
Latin America and Caribbean,
Disclosure Date
2010/07/01
Doc Name
Unstable inflation and seignorage revenues in Latin America : How many times can the government fool people?
Keywords
inflation

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Citation

DEC; Morisset, Jacques.

Unstable inflation and seignorage revenues in Latin America : How many times can the government fool people? (English). Policy, Research working paper ; no. WPS 1287 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/126251468743732645

Unstable inflation and seignorage revenues in Latin America : How many times can the government fool people? (English)

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