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International Evidence on Tradables and Nontradables Inflation

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  • Holger C. Wolf
  • Alberto Giovannini
  • Jose De Gregorio

Abstract

Using 1970-1985 sectoral data for the OECD we find that inflation in nontradable goods is higher than in tradables, We identify a demand shift towards nontradables and faster growth of total factor productivity in the tradable goods sector as the prime causes of higher nontradables inflation. In addition. disinflation attempts and the exchange rate regime appear to have had significant influence on the relative inflation rate.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 94/33.

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Date of creation: 01 Mar 1994
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Handle: RePEc:imf:imfwpa:94/33

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  1. De Gregorio, Jose & Giovannini, Alberto & Krueger, Thomas H, 1994. "The Behavior of Nontradable-Goods Prices in Europe: Evidence and Interpretation," Review of International Economics, Wiley Blackwell, vol. 2(3), pages 284-305, October.
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