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|z 9781451851014
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|a 1018-5941
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|a Razin, Assaf.
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|a Capital Mobility and the Output-Inflation Tradeoff /
|c Assaf Razin, Prakash Loungani, Chi-Wa Yuen.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2000.
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|a 1 online resource (22 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|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).
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|a Mode of access: Internet
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|a Loungani, Prakash.
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|a Yuen, Chi-Wa.
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|a IMF Working Papers; Working Paper ;
|v No. 2000/087
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| 856 |
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|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
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