A multi-country comparison of the linkages between inflation and exchange rate competitiveness
β Scribed by Steven B. Kamin; Marc Klau
- Publisher
- John Wiley and Sons
- Year
- 2003
- Tongue
- English
- Weight
- 193 KB
- Volume
- 8
- Category
- Article
- ISSN
- 1076-9307
- DOI
- 10.1002/ijfe.205
No coin nor oath required. For personal study only.
β¦ Synopsis
Abstract
This paper compares the response of inflation to changes in exchange rate competitiveness in various regions of the world. The paper first presents evidence that an empirical relationship between the rate of inflation and the level of the real exchange rate holds for a large set of countries. It then demonstrates that the responsiveness of inflation to the real exchange rate has been much higher in Latin America than in Asian or industrialized countries. This difference in inflationary responsiveness is not fully explained either by the prior history of inflation or by the extent of openness to foreign trade. Copyright Β© 2003 John Wiley & Sons, Ltd.
π SIMILAR VOLUMES
This paper examines the relationship between the black market premium and the rate of inflation under a dual exchange rate regime consisting of an official market and a black market. By explicitly specifying the implicit export tax associated with the government budget constraint in a dynamic optimi
Migrant studies may involve several types of comparison, the most basic being between disease rates in migrants and in their country of origin, such as populations of similar genetic background but different environments or populations of different genetic backgrounds living in the same environment.
## Abstract In recent years there has been a considerable development in modelling nonβlinearities and asymmetries in economic and financial variables. The aim of the current paper is to compare the forecasting performance of different models for the returns of three of the most traded exchange rat
## Abstract The first rational model of homogeneous mixtures of fluids was proposed by Truesdell in the context of rational thermodynamics. Afterwards, two different theories were developed: one with a singleβtemperature (ST) field of the mixture and the other one with several temperatures. The two