Inflation persistence and exchange rate regimes: evidence from developing countries

Using data for 102 developing countries, it is shown that inflation persistence is particularly low in countries on hard pegs, and particularly high in countries with severe inflationary problems. Inflation persistence is similar under floating and soft pegs. The finding of low inflation persistence in hard pegs is a new result.

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Year of publication:	2005-02-24
Authors:	Bleaney, Michael ; Francisco, Manuela
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 6.2005, 2, p. 1-15
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	F4 - Macroeconomic Aspects of International Trade and Finance ; E3 - Prices, Business Fluctuations, and Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010630389