haku: @journal_id 1732 / yhteensä: 81
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| Tekijä: | Bleaney, M. |
| Otsikko: | Exchange rate regimes and inflation persistence |
| Lehti: | IMF Staff papers
2001 : VOL. 47:3, p. 387-402 |
| Asiasana: | Exchange rates Floating rates Inflation |
| Kieli: | eng |
| Tiivistelmä: | Some empirical research has suggested that inflation is more persistent under floating exchange rates. Theoretically, a higher variance of inflation should be expected across countries under floating rates, but not necessarily a higher mean. The author shows that estimates of inflation persistence are biased upwards by underfitting mean shifts in the sample. |
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