Capital Mobility and the Output-Inflation Tradeoff /

Identifying determinants of the output-inflation tradeoff has long been a key issue in business cycle research. We provide evidence that in countries with greater restrictions on capital mobility, a given reduction in the inflation rate is associated with a smaller loss in output. This result is sho...

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Detalles Bibliográficos
Autor principal: Razin, Assaf
Otros Autores: Loungani, Prakash, Yuen, Chi-Wa
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2000.
Colección:IMF Working Papers; Working Paper ; No. 2000/087
Acceso en línea:Full text available on IMF
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245 1 0 |a Capital Mobility and the Output-Inflation Tradeoff /  |c Assaf Razin, Prakash Loungani, Chi-Wa Yuen. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2000. 
300 |a 1 online resource (22 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Identifying determinants of the output-inflation tradeoff has long been a key issue in business cycle research. We provide evidence that in countries with greater restrictions on capital mobility, a given reduction in the inflation rate is associated with a smaller loss in output. This result is shown to be consistent with theoretical presumption from a version of the Mundell-Fleming model. Restrictions on capital mobility are measured using the IMF's Annual Report on Exchange Rate Arrangements and Exchange Restrictions. Estimates of the output-inflation tradeoff are taken from previous studies, viz., Lucas (1973) and Ball, Mankiw and Romer (1988). 
538 |a Mode of access: Internet 
700 1 |a Loungani, Prakash. 
700 1 |a Yuen, Chi-Wa. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/087 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/087/001.2000.issue-087-en.xml  |z IMF e-Library