IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-03359-1_19.html
   My bibliography  Save this book chapter

World Inflation Under Flexible Exchange Rates

In: Flexible Exchange Rates and Stabilization Policy

Author

Listed:
  • Emil-Maria Claassen

    (University of Paris-Dauphine)

Abstract

Under flexible exchange rates, world inflation is the weighted average of the national inflation rates. This paper is concerned with two categories of arguments which emphasize the higher probability of a higher inflation bias in a system of flexible exchange rates. The first category refers to a country’s lower inflationary discipline when it has adopted a floating exchange rate and the second category of arguments concerns either price rigidities which become virulent qua the system of flexible exchange rates or some automatic world price level increases following the introduction of floating exchange rates. The paper leads to the conclusion that flexible exchange rates are neither inherently more inflationary nor inherently less inflationary than fixed exchange rates.

Suggested Citation

  • Emil-Maria Claassen, 1977. "World Inflation Under Flexible Exchange Rates," Palgrave Macmillan Books, in: Jan Herin & Assar Lindbeck & Johan Myhrman (ed.), Flexible Exchange Rates and Stabilization Policy, pages 214-233, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03359-1_19
    DOI: 10.1007/978-1-349-03359-1_19
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-03359-1_19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.