International Evidenceon Tradables and Nontradables Inflation /

Using 1970-85 sectoral data for the OECD we find that inflation in nontradable good exceeds inflation in tradables. We identify a demand shift towards nontradables and faster growth of total factor productivity in the tradable goods sector as the prime causes of the differential inflation. In additi...

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Bibliografski detalji
Glavni autor: Wolf, Holger
Daljnji autori: De Gregorio, Jose, Giovannini, Alberto
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1994.
Serija:IMF Working Papers; Working Paper ; No. 1994/033
Online pristup:Full text available on IMF
Opis
Sažetak:Using 1970-85 sectoral data for the OECD we find that inflation in nontradable good exceeds inflation in tradables. We identify a demand shift towards nontradables and faster growth of total factor productivity in the tradable goods sector as the prime causes of the differential inflation. In addition, disinflation attempts and the exchange rate regime appear to have exerted significant influence on the relative inflation rate.
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Opis:1 online resource (36 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Pristup:Electronic access restricted to authorized BRAC University faculty, staff and students