Exchange Rate Movements and Inflation Performance : The Case of Italy /

This paper presents an empirical model to study the response of wages and prices to movements in the nominal exchange rate. A four-equation model is applied to Italian data to evaluate the response of tradeable goods prices, consumer prices, and wages following the lira's exit from the ERM in t...

ver descrição completa

Detalhes bibliográficos
Autor principal: Ford, Robert
Outros Autores: Krueger, Thomas
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1995.
coleção:IMF Working Papers; Working Paper ; No. 1995/041
Acesso em linha:Full text available on IMF
LEADER 01626cas a2200253 a 4500
001 AALejournalIMF004673
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451846041 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Ford, Robert. 
245 1 0 |a Exchange Rate Movements and Inflation Performance :   |b The Case of Italy /  |c Robert Ford, Thomas Krueger. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1995. 
300 |a 1 online resource (28 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 This paper presents an empirical model to study the response of wages and prices to movements in the nominal exchange rate. A four-equation model is applied to Italian data to evaluate the response of tradeable goods prices, consumer prices, and wages following the lira's exit from the ERM in the fall of 1992. The model tracks reasonably well the inflation performance of tradeables, especially import prices. But it is argued that structural changes in the labor market contribute to an overprediction of price and wage inflation. 
538 |a Mode of access: Internet 
700 1 |a Krueger, Thomas. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1995/041 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1995/041/001.1995.issue-041-en.xml  |z IMF e-Library