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...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1999
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Schriftenreihe: | IMF Working Papers
Working Paper No. 98/64 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 major explanatory variable for inflation, even after the entrance of Spain in the exchange rate mechanism (ERM). This result suggests that the successful disinflation experienced in Spain in the past few years may be more related to domestic conditions than to foreign ones |
Beschreibung: | 1 Online-Ressource (26 p) |
ISBN: | 1451848536 9781451848533 |
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spelling | García-Herrero, Alicia Verfasser aut The Domestic and Foreign Price Gaps in the P-Star Model Evidence From Spain García-Herrero, Alicia Washington, D.C International Monetary Fund 1999 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/64 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 major explanatory variable for inflation, even after the entrance of Spain in the exchange rate mechanism (ERM). This result suggests that the successful disinflation experienced in Spain in the past few years may be more related to domestic conditions than to foreign ones Online-Ausg Pradhan, Manoj Vasant Sonstige oth http://elibrary.imf.org/view/IMF001/06893-9781451848533/06893-9781451848533/06893-9781451848533.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | García-Herrero, Alicia The Domestic and Foreign Price Gaps in the P-Star Model Evidence From Spain |
title | The Domestic and Foreign Price Gaps in the P-Star Model Evidence From Spain |
title_auth | The Domestic and Foreign Price Gaps in the P-Star Model Evidence From Spain |
title_exact_search | The Domestic and Foreign Price Gaps in the P-Star Model Evidence From Spain |
title_exact_search_txtP | The Domestic and Foreign Price Gaps in the P-Star Model Evidence From Spain |
title_full | The Domestic and Foreign Price Gaps in the P-Star Model Evidence From Spain García-Herrero, Alicia |
title_fullStr | The Domestic and Foreign Price Gaps in the P-Star Model Evidence From Spain García-Herrero, Alicia |
title_full_unstemmed | The Domestic and Foreign Price Gaps in the P-Star Model Evidence From Spain García-Herrero, Alicia |
title_short | The Domestic and Foreign Price Gaps in the P-Star Model |
title_sort | the domestic and foreign price gaps in the p star model evidence from spain |
title_sub | Evidence From Spain |
url | http://elibrary.imf.org/view/IMF001/06893-9781451848533/06893-9781451848533/06893-9781451848533.xml |
work_keys_str_mv | AT garciaherreroalicia thedomesticandforeignpricegapsinthepstarmodelevidencefromspain AT pradhanmanojvasant thedomesticandforeignpricegapsinthepstarmodelevidencefromspain |