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A Theoretical Model of Developing Country Inflationary Dynamics

Author

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  • Thomas M Fullerton Jr

    (University of Texas at El Paso)

Abstract

A standard monetary infaltion model is expanded to include import and labor costs in a theoretically logical manner. Implications for estimation are discussed, with special attention given to developing country data concerns. Care is taken to discuss model development within the historical context of emerging market inflationary studies and modern applied econometric model testing.

Suggested Citation

  • Thomas M Fullerton Jr, 2004. "A Theoretical Model of Developing Country Inflationary Dynamics," Macroeconomics 0407031, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:0407031
    Note: Type of Document - doc; pages: 17
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    References listed on IDEAS

    as
    1. Dornbusch, Rudiger & Fischer, Stanley, 1993. "Moderate Inflation," The World Bank Economic Review, World Bank, vol. 7(1), pages 1-44, January.
    2. Chih-Ping Chang & Kenneth M. Emery, 1997. "Is there a stable relationship between capacity utilization and inflation?," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q I, pages 14-20.
    3. Carl F. Christ, 1993. "Assessing applied econometric results," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 71-94.
    4. Amemiya, Takeshi, 1980. "Selection of Regressors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(2), pages 331-354, June.
    5. Bomberger, W A & Makinen, G E, 1979. "Some Further Tests of the Harberger Inflation Model Using Qtrly Data," Economic Development and Cultural Change, University of Chicago Press, vol. 27(4), pages 629-644, July.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Thomas M. FULLERTON & Miguel MARTINEZ & Wm. Doyle SMITH & Adam WALKE, 2015. "Inflationary Dynamics in Guatemala," Journal of Economics and Political Economy, EconSciences Journals, vol. 2(4), pages 436-444, December.
    2. Thomas M Fullerton Jr & Sylvanus I Ikhide, 2004. "An Econometric Analysis of the Nigerian Consumer Price Index," Development and Comp Systems 0407010, University Library of Munich, Germany.
    3. Thomas M. Fullerton, Jr., 1999. "Inflationary pressure determinants in México," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 14(1), pages 33-51.
    4. Thomas M Fullerton Jr & Roberto Tinajero, 2004. "Short-Run Price Dynamics in Mexico," Macroeconomics 0407027, University Library of Munich, Germany.

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    Keywords

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    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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