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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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1998
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Schriftenreihe: | IMF Working Papers
Working Paper No. 98/23 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (29 p) |
ISBN: | 1451844018 9781451844016 |
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spelling | Cottarelli, Carlo Verfasser aut The Nonmonetary Determinants of Inflation A Panel Data Study Cottarelli, Carlo Washington, D.C International Monetary Fund 1998 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/23 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 Online-Ausg http://elibrary.imf.org/view/IMF001/07195-9781451844016/07195-9781451844016/07195-9781451844016.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Cottarelli, Carlo The Nonmonetary Determinants of Inflation A Panel Data Study |
title | The Nonmonetary Determinants of Inflation A Panel Data Study |
title_auth | The Nonmonetary Determinants of Inflation A Panel Data Study |
title_exact_search | The Nonmonetary Determinants of Inflation A Panel Data Study |
title_exact_search_txtP | The Nonmonetary Determinants of Inflation A Panel Data Study |
title_full | The Nonmonetary Determinants of Inflation A Panel Data Study Cottarelli, Carlo |
title_fullStr | The Nonmonetary Determinants of Inflation A Panel Data Study Cottarelli, Carlo |
title_full_unstemmed | The Nonmonetary Determinants of Inflation A Panel Data Study Cottarelli, Carlo |
title_short | The Nonmonetary Determinants of Inflation |
title_sort | the nonmonetary determinants of inflation a panel data study |
title_sub | A Panel Data Study |
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