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Return to devalued drachma, cost-push inflation and international competitiveness

  • Mariolis, Theodore
  • Katsinos, Apostolis

This paper presents empirical estimates of the effects of a return to devalued drachma on the cost-inflation rate in the Greek economy. The results show moderate effects and the potential for substantial improvements in the balance of goods and services.

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File URL: http://mpra.ub.uni-muenchen.de/35413/1/MPRA_paper_35413.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 35413.

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Date of creation: 14 Dec 2011
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Handle: RePEc:pra:mprapa:35413
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  1. Metcalfe, J S & Steedman, Ian, 1981. "Some Long- Run Theory of Employment, Income Distribution and the Exchange Rate," The Manchester School of Economic & Social Studies, University of Manchester, vol. 49(1), pages 1-20, March.
  2. Ian Steedman, 2000. "Income Distribution, Foreign Trade and the Value-Added Vector," Economic Systems Research, Taylor & Francis Journals, vol. 12(2), pages 221-230.
  3. Mariolis, Theodore, 2006. "Distribution and Growth in a Multi-Sector Open Economy with Excess Capacity," Economia Internazionale / International Economics, Camera di Commercio di Genova, vol. 59(1), pages 51-61.
  4. Mariolis, Theodore & Katsinos, Apostolis, 2011. "Return to devalued drachma, cost-push inflation and international competitiveness," MPRA Paper 35413, University Library of Munich, Germany.
  5. Mariolis, Th., 2000. "The Division of Labour in European Monetary Union: Absolute Versus Comparative Advantage," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 79-90, January -.
  6. Theodore Mariolis, 2008. "Pure Joint Production, Income Distribution, Employment And The Exchange Rate," Metroeconomica, Wiley Blackwell, vol. 59(4), pages 656-665, November.
  7. Brewer, Anthony, 1985. "Trade with fixed real wages and mobile capital," Journal of International Economics, Elsevier, vol. 18(1-2), pages 177-186, February.
  8. Morciano, Michele, 1984. "Price dynamics in an input-output model : An alternative approach," Economics Letters, Elsevier, vol. 14(4), pages 363-368.
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