The openness-inflation puzzle revisited

Dynamic panel estimates show the negative relation between trade openness and inflation found by Romer (1993) but questioned by Terra (1998) became more robust in the 1990s, both among high income OECD and developing countries. Also during the 1990s, openness was associated with less variable inflation and had a stronger disinflation effect in economies with floating exchange rates.

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Year of publication:	2003
Authors:	Gruben, William C. ; McLeod, Darryl
Institutions:	Federal Reserve Bank of Dallas
Subject:	Trade

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Extent:	application/pdf
Series:	Center for Latin America Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 0203
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005498720