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Inflation persistence and exchange rate regimes: evidence from developing countries

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Author Info
Michael Bleaney () (University of Nottingham)
Manuela Francisco () (University of Minho)

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Abstract

Using data for 102 developing countries, it is shown that inflation persistence is particularly low in countries on hard pegs, and particularly high in countries with severe inflationary problems. Inflation persistence is similar under floating and soft pegs. The finding of low inflation persistence in hard pegs is a new result.

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File URL: http://www.accessecon.com/pubs/EB/2005/Volume6/EB-04F40009A.pdf
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Publisher Info
Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 6 (2005)
Issue (Month): 2 ()
Pages: 1-15
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:6:y:2005:i:2:p:1-15

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Find related papers by JEL classification:
F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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