Burdekin, R.C.K.; Siklos, P.L. - School of Business and Economics, Wilfrid Laurier University - 1997
This paper re-examines the findings of Alogoskoufis and Smith (1991), who argue that sharp increases in inflation persistence can be attributed to changes in the exchange rate regime. Using long time series data from the United Kingdom, the United States, Canada and Sweden, we suggest that these...