its supporters' claim, dollarization is associated with lower inflation and faster growth. We analyze this issue by using … a matching estimator technique developed in the training evaluation literature. Our findings suggest that inflation has …

. In the other country, say Europe, the exchange rate change worsens inflation.This paper starts from the premise that … to a more contractionary monetary policy in order to fight inflation. Given the U.S. contraction, it might be desirable … aggregate output and inflation.This conclusion follows from the assumption that in each of two sectors,nontraded goods or …

probability of being a common currency country and outcome' equations for growth, volatility and inflation. We find that both type … of common currency countries have lower inflation than countries with a domestic currency. Dollarized countries have …

exorbitant privilege, spillovers of the U.S. monetary policy to the rest of the world, and the dollar as a global risk factor. In …

, the dollarized nations have: (a) have had significantly lower inflation; (b) grown at a significantly lower rate; (c) have …