Bowdler, Christopher; Malik, Adeel - Centre for the Study of African Economies (CSAE), … - 2005
Recent decades have seen a considerable expansion of global trade and a simultaneous decline in inflation volatility …. This paper investigates whether greater openness to trade helps achieve inflation stability. Using panel data for a sample … effect of openness on inflation volatility. This relationship is estimated after controlling for the potential endogenity of …