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's Fully Modified Ordinary Least Square technique, we found that imports in Nigeria are domestic inflation or cross elastic in … domestic inflation to import demand, implying that previous values of domestic inflation offer additional information to …
Persistent link: https://www.econbiz.de/10013248448
inflation and unemployment among EMS members since the late 1970s. This paper presents new empirical evidence for this … inflation countries -- France and Italy -- have experienced a decrease in tolerance for inflation relative to unemployment …. Germany and other low inflation countries, in contrast, appear to have experienced a decrease in tolerance for unemployment …
Persistent link: https://www.econbiz.de/10013249159
Persistent link: https://www.econbiz.de/10013276009
reforms may cause jumps in inflation and the exchange rate through their impact on the government budget. In order to achieve … a sustainable reduction in inflation an exchange rate freeze or crawling peg is shown to require restrictions not only …-collapse inflation will exceed the rate prevailing before the freeze started …
Persistent link: https://www.econbiz.de/10013246289
Persistent link: https://www.econbiz.de/10012665359
reforms may cause jumps in inflation and the exchange rate through their impact on the government budget. In order to achieve … a sustainable reduction in inflation an exchange rate freeze or crawling peg is shown to require restrictions not only …-collapse inflation will exceed the rate prevailing before the freeze started …
Persistent link: https://www.econbiz.de/10012476939
discusses the interaction of inflation and exchange rate policy in a variety of contexts. Four different settings are used to … in the transition from high to even higher inflation discussed in the context of Brazil; exchange rate fixing and real … deviatiins arise and how they influence inflation, trade and capital flight …
Persistent link: https://www.econbiz.de/10012477340
The most important conclusion of this paper is that the growth rate of the money supply influences the U.S. inflation …, help to explain why U.S. inflation was so low in 1976 and why it accelerated so rapidly in 1978. Granger causality tests … indicate that lagged exchange rate changes influence inflation, but lagged inflation does not cause exchange rate changes. A …
Persistent link: https://www.econbiz.de/10012478407
It is almost invariably taken for granted in theoretical descriptions of the international price mechanism and in the construction of trade models that a country's export price for a particular product is identical to its domestic price. Any impact of foreign or domestic events on prices is...
Persistent link: https://www.econbiz.de/10012478953