@techreport{82b13e7f9ef741bcaa092a6f1926547e,
title = "Assessing the impact of different nominal anchors on the credibility of stabilisation programmes",
abstract = "The paper compares the impact of announcing exchange-rate-based versus money-based stabilisation programmes in a cross-section of countries. The analysis finds that the effect of announcing exchange-rate-based programmes is more credible, in terms of reducing inflation inertia, than the outcome associated with implementing money-based programmes. But the gap between the magnitudes of the impacts from implementing the different strategies has been falling since the 1970s.",
keywords = "Economics and econometrics",
author = "\{Sanchez Fung\}, Jose and Prazmowski, \{Peter A.\}",
year = "2012",
language = "English",
series = "Economics Discussion Paper",
publisher = "Faculty of Arts and Social Sciences, Kingston University",
number = "2012/1",
type = "WorkingPaper",
institution = "Faculty of Arts and Social Sciences, Kingston University",
}