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Submitted by Gaggan Qureshi on
Great effort to point out this stylized fact. But inflation was more a monetary phenomenon in 1980s than today. Today's inflation is more a global phenomenon as compared to 1980s. So I disagree the level of warning by saying inflation is double in South Asian countries (currently) than was in Latin American Countries (in 1980s). Furthermore, the important thing is the exchange rate regime and willingness to keep exchange rate closer to desired level. Today's south is more close to that willingness. Looking inflation alone is not the right thing.