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A note on the determinants of inflation starts in the OECD

Author

Listed:
  • Christopher Bowdler

    (Nuffield College, Oxford University, UK)

  • Luca Nunziata

    (Nuffield College, Oxford University, UK)

Abstract

Boschen and Weise (Journal of Money, Credit and Banking, (2003)) model the probability of a large upturn in inflation. We extend their work to show that openness to trade exerts a negative effect on the probability of such an event.

Suggested Citation

  • Christopher Bowdler & Luca Nunziata, 2004. "A note on the determinants of inflation starts in the OECD," Economics Papers 2004-W11, Economics Group, Nuffield College, University of Oxford.
    • Handle: RePEc:nuf:econwp:0411
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    File URL: http://www.nuff.ox.ac.uk/economics/papers/2004/w11/InfStartsWP1.pdf
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    References listed on IDEAS

    as
    1. Janine Aron & John Muellbauer, 2000. "Inflation and output forecasts for South Africa: monetary transmission implications," CSAE Working Paper Series 2000-23, Centre for the Study of African Economies, University of Oxford.
    2. Boschen, John F & Weise, Charles L, 2003. "What Starts Inflation: Evidence from the OECD Countries," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(3), pages 323-349, June.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Shoora B. Paudyal Ph.D., 2014. "Determinants of Inflation in Nepal: An Empirical Assessment," NRB Economic Review, Nepal Rastra Bank, Research Department, vol. 26(2), pages 61-82, October.
    2. Mosayeb PAHLAVANI & Mohammad RAHIMI, 2009. "Sources of Inflation in Iran: An application of the ARDL Approach," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 9(1).
    3. Dizaji, S.F., 2011. "Analysis of domestic price and inflation determinants in Iran (as a developing oil-export based economy)," ISS Working Papers - General Series 530, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.

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    More about this item

    Keywords

    Inflation starts; trade openness.;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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