@techreport{NBERw0475,
 title = "Interactions Between Inflation and Trade-Regime Objectives in Stabilization Programs",
 author = "Anne O. Krueger",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "475",
 year = "1980",
 month = "May",
 URL = "http://www.nber.org/papers/w0475",
 abstract = {This paper examines the relationship between macroeconomic objectives of controlling inflation and trade-regime objectives in stabilization programs of developing countries. It is seen that there need be, in principle, no close relationship between the two, as a crawling peg exchange-rate policy can prevent inflation from affecting the performance of the foreign sector. In practice, trade regime objectives have been linked with inflation-reducing objectives, often to the detriment of resource allocation and growth. Differences between devaluation under liberalized regimes and under exchange control are also examined.},
}