Bringing inflation down once credibility has been lost is very hard and slow; Jamaica needed roughly a decade (late 1980s to mid/late 1990s) to stabilize, illustrating that disinflation after lost credibility is a long, costly battle.

factualpending

Speaker

Peter Henry

Evidence Quote

it takes them until sort of the mid to late 90s to really to stabilize... it's a long slow battle

Source

Peter Henry on Growth, Development, and Policy 07/27/2009EconTalk
Created: 6/17/2026, 10:31:29 AM

My Notes

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