Price instability and inflation: empirical evidence from the people's republic of china... This also suggests that a consistent and stable anti-inflation policy that reduces price instability would be preferable in China.
Capital mobility and devaluation in an optimizing model with rational expectations... Many industrializing economies have adopted a crawling peg as a means of reconciling disparate inflation rates at home and abroad, and some recent efforts to use the rate of crawl as an instrument of anti-inflation policy have attracted considerable interest (see Carlos Diaz Alejandro)....
Monetary policy rules across oecd countries... The results point to a convergence of monetary policy practices towards a strict anti-inflation policy in the post-1987Q3 period....
1consumers ’ inflation expectations and monetary policy in europe... Indeed, the credibility of the central bank is probably the single most important factor determining whether the pursuit of an anti-inflation policy is associated with significant outpu
