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Trade Openness and Inflation Episodes in the OECD

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Author Info
Bowdler, Christopher
Nunziata, Luca

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Abstract

Boschen and Weise (Journal of Money, Credit, and Banking, 2003) model the probability of a large upturn in inflation in the OECD (an inflation start). We extend their work to consider the impact of trade openness on the probability of such an event. The main finding is that increased openness reduces the probability of an inflation start, both directly, and indirectly through restricting the role of general elections in triggering inflation starts.

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File URL: http://dx.doi.org/10.1353/mcb.2006.0026
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File Function: full text
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Publisher Info
Article provided by Blackwell Publishing in its journal Journal of Money, Credit and Banking.

Volume (Year): 38 (2006)
Issue (Month): 2 (March)
Pages: 553-563
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:mcb:jmoncb:v:38:y:2006:i:2:p:553-563

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879

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This page was last updated on 2009-12-8.


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