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A Model of Inflation for Sri Lanka

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  • Cooray, Arusha

Abstract

This paper uses two models: an open economy model and a closed economy model to estimate a price equation for Sri Lanka. The results suggest greater support for the open economy model. Consistent with previous studies for Sri Lanka, supply side factors appear to be important in influencing the general price level in Sri Lanka.

Suggested Citation

  • Cooray, Arusha, 2008. "A Model of Inflation for Sri Lanka," Review of Applied Economics, Lincoln University, Department of Financial and Business Systems, vol. 4(1-2), pages 1-10.
    • Handle: RePEc:ags:reapec:50017
    DOI: 10.22004/ag.econ.50017
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    References listed on IDEAS

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    7. Anonymous, 1963. "International Monetary Fund," International Organization, Cambridge University Press, vol. 17(2), pages 500-504, April.
    8. Anonymous, 1963. "International Monetary Fund," International Organization, Cambridge University Press, vol. 17(4), pages 976-977, October.
    9. Saini, Krishan G., 1982. "The monetarist explanation of inflation: The experience of six Asian countries," World Development, Elsevier, vol. 10(10), pages 871-884, October.
    10. Abul M.M. Masih & Rumi Masih, 1998. "Does money cause prices, or the other way around?: Multi-country econometric evidence including error-correction modelling from South-east Asia," Journal of Economic Studies, Emerald Group Publishing, vol. 25(3), pages 138-160, September.
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    12. Annika Alexius, 1997. "Import prices and nominal exchange rates in Sweden," Finnish Economic Papers, Finnish Economic Association, vol. 10(2), pages 99-107, Autumn.
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    Cited by:

    1. Ayesh Ariyasinghe & N. S. Cooray, 2021. "The Nexus Of Foreign Reserves, Exchange Rate And Inflation: Recent Empirical Evidence From Sri Lanka," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 22(1), pages 29-72, March.
    2. Biswajit Maitra, 2015. "Monetary Policy, Income Growth and Price Stability in Malaysia," South Asian Journal of Macroeconomics and Public Finance, , vol. 4(1), pages 91-117, June.

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