The Domestic and Foreign Price Gaps in the P-STAR Model : Evidence from Spain /

The paper uses the P-STAR model to analyze Spanish prices from 1970 to 1996, adding the foreign price gap to the standard domestic definition of the P-STAR model (the domestic price gap) to assess the role German price movements played in Spanish inflation. The domestic price gap turns out to be the...

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Bibliographic Details
Main Author: Garcia-Herrero, Alicia
Other Authors: Pradhan, Manoj
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1999.
Series:IMF Working Papers; Working Paper ; No. 1998/064
Online Access:Full text available on IMF