This paper develops a model of inflation against the background of the recent literature. The model allows for a number of systematic determinants of the inflation process. These determinants include (i) inflationary expectations, (ii) changes in money, as regards their role in expectations,...

This paper explores the cumulative monthly response of export and import unit values to exchange rate changes and the corresponding terms of trade effect on the trade balance. Results from the estimation of export and import unit value equations over the period January 1973 through April 1978...

L'auteur analyse les relations entre le chômage et l'inflation dans douze pays industriels: Allemagne, Autriche, Belgique, Canada, Danemark, Etats-Unis, France, Italie, Japon, Pays-Bas, Royaume-Uni et Suède. Il adopte, pour cela, l'hypothèse, formulée par Phillips, d'une liaison entre les...

The paper explores the pattern of transition of the Vietnamese economy, the policies that were applied, and the reasons for the country's success. In particular, it focuses on output performance; state-owned enterprises; foreign direct investment; determinants of inflation; dollarization and...

Whether the prospective shift of the peg of the CFA franc to the euro would constitute an exchange rate arrangement with EMU countries would depend critically on the interpretation of the free convertibility of the CFA franc guaranteed by France. Nonetheless, this shift is likely to leave the...

This paper investigates the issue of monetary interdependence among members of the European Monetary System over the period 1979–91 and the leadership role attributed to the German central bank in the process of monetary integration, and looks for possible changes in central banks’...