GROWTH, INFLATION AND THE EXCHANGE-RATE REGIME

Authors
ANDRES J HERNANDO I KRUGER M
Citation
J. Andres et al., GROWTH, INFLATION AND THE EXCHANGE-RATE REGIME, Economics letters, 53(1), 1996, pp. 61-65
Citations number
9
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
53
Issue
1
Year of publication
1996
Pages
61 - 65
Database
ISI
SICI code
0165-1765(1996)53:1<61:GIATER>2.0.ZU;2-N
Abstract
According to the Balassa-Samuelson effect, growth and inflation are po sitively correlated in economies with pegged currencies. This paper sh ows that the costs of inflation on long-term growth are underestimated in samples that include countries and periods with fixed exchange rat e regimes.