Growth, inflation and the exchange rate regime

被引：7

作者：

Andres, J

Hernando, I

Kruger, M

机构：

[1] BANK SPAIN,MADRID 28014,SPAIN

[2] UNIV COLOGNE,COLOGNE,GERMANY

来源：

ECONOMICS LETTERS | 1996年 / 53卷 / 01期

关键词：

inflation; growth; exchange rate;

D O I：

10.1016/S0165-1765(96)00895-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

According to the Balassa-Samuelson effect, growth and inflation are positively correlated in economies with pegged currencies. This paper shows that the costs of inflation on long-term growth are underestimated in samples that include countries and periods with fixed exchange rate regimes.

引用

页码：61 / 65

页数：5

共 9 条

[1]

ANDRES J, 1996, IN PRESS EUROPEAN EC

[2]

[Anonymous], Q J EC

[3] THE PURCHASING-POWER PARITY DOCTRINE - A REAPPRAISAL [J].