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What explains recent changes in international monetary policy attitudes toward inflation? Evidence from developed countries

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  • Lo, Melody
  • Granato, Jim

Abstract

This paper identifies source(s) contributing to the recent international shift in monetary policy attitudes toward inflation. Data from 18 developed countries suggests that this shift is connected to the universal increase in policy responses to economic openness in the 1990s.

Suggested Citation

  • Lo, Melody & Granato, Jim, 2008. "What explains recent changes in international monetary policy attitudes toward inflation? Evidence from developed countries," Economics Letters, Elsevier, vol. 100(3), pages 411-414, September.
    • Handle: RePEc:eee:ecolet:v:100:y:2008:i:3:p:411-414
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    References listed on IDEAS

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    8. Temple, Jonathan, 2002. "Openness, Inflation, and the Phillips Curve: A Puzzle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(2), pages 450-468, May.
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