New evidence on the output-inflation trade-off from developing economies: the case of the CFA Franc zone
AbstractThis aim of this paper is to give a contribution to the debate on whether output-inflation trade-offs are negatively influenced by the mean of inflation (as postulated by new-Keynesians) or by the variability of inflation (as postulated by neo-classical economists). To remove any concerns about the arbitrariness of the choice of the sample, the analysis will focus on a group of countries belonging to the same currency union, the Franc Zone. The results do not provide conclusive evidence on either theory as it was found that there existed a negative relation between the output-inflation trade-offs and the mean of inflation on the one hand, and the variability of inflation, on the other.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 33 (2001)
Issue (Month): 8 ()
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- Fendel, Ralf & Rülke, Jan-Christoph, 2012. "Some international evidence on the Lucas Supply Function," Economics Letters, Elsevier, vol. 114(2), pages 157-160.
- Abbott, Brant & Martínez, Cristina, 2008. "An updated assessment of the Lucas supply curve and the inflation-output trade-off," Economics Letters, Elsevier, vol. 101(3), pages 199-201, December.
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