The Nonmonetary Determinants of Inflation : A Panel Data Study /

This paper explains inflation performance in a sample of industrial and transition economies by looking at policymakers' incentives to inflate the economy, and the perceived costs of disinflation. It finds a significant effect of fiscal deficits on inflation, particularly (but not exclusively)...

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Bibliografiska uppgifter
Huvudupphovsman: Cottarelli, Carlo
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 1998.
Serie:IMF Working Papers; Working Paper ; No. 1998/023
Länkar:Full text available on IMF
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245 1 4 |a The Nonmonetary Determinants of Inflation :   |b A Panel Data Study /  |c Carlo Cottarelli. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1998. 
300 |a 1 online resource (29 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 explains inflation performance in a sample of industrial and transition economies by looking at policymakers' incentives to inflate the economy, and the perceived costs of disinflation. It finds a significant effect of fiscal deficits on inflation, particularly (but not exclusively) in countries where the government securities market is not well developed. Other factors with significant effect on inflation include relative price changes, central bank independence, the exchange rate regime, and the degree of price liberalization; there is only limited evidence that other structural factors, such as those influencing the natural rate of unemployment, have a significant effect on inflation. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/023 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/023/001.1998.issue-023-en.xml  |z IMF e-Library