Price and Monetary Dynamics Under Alternative Exchange Rate Regimes /
According to theory, inflation persistence should have less variance across countries under pegged than floating exchange rates, but not necessarily a lower mean. The paper tests this prediction on postwar data for OECD countries. After allowing for the upward bias to persistence estimates created b...
| Auteur principal: | |
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Collection: | IMF Working Papers; Working Paper ;
No. 1999/067 |
| Accès en ligne: | Full text available on IMF |