Domac, Ilker; Yucel, Eray M. - Economics Research, World Bank Group - 2004
Emerging market economies (EMEs) have experienced a noticeable decline in inflation since the mid-1990s. Whether this … the start of 24 inflation episodes in 15 EMEs between 1980 and 2001. They use pooled probit analysis to estimate the … contribution of the key factors to inflation starts. Their empirical results suggest that increases in the output gap, agricultural …