International Evidenceon Tradables And Nontradables Inflation
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Author | : Mr.Jose De Gregorio |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 1994-03-01 |
Genre | : Business & Economics |
ISBN | : 1451979282 |
Using 1970-85 sectoral data for the OECD we find that inflation in nontradable good exceeds inflation in tradables. We identify a demand shift towards nontradables and faster growth of total factor productivity in the tradable goods sector as the prime causes of the differential inflation. In addition, disinflation attempts and the exchange rate regime appear to have exerted significant influence on the relative inflation rate.
Author | : Jose De Gregorio |
Publisher | : |
Total Pages | : 44 |
Release | : 1994 |
Genre | : Inflation |
ISBN | : |
Author | : Jose de Gregorio |
Publisher | : |
Total Pages | : 36 |
Release | : 2006 |
Genre | : |
ISBN | : |
Using 1970-85 sectoral data for the OECD we find that inflation in nontradable good exceeds inflation in tradables. We identify a demand shift towards nontradables and faster growth of total factor productivity in the tradable goods sector as the prime causes of the differential inflation. In addition, disinflation attempts and the exchange rate regime appear to have exerted significant influence on the relative inflation rate.
Author | : Jose De Gregorio |
Publisher | : |
Total Pages | : 42 |
Release | : 1993 |
Genre | : Inflation (Finance) |
ISBN | : |
Using 1970-1985 sectoral data for the OECD we find that inflation in nontradable goods is higher than in tradables, We identify a demand shift towards nontradables and faster growth of total factor productivity in the tradable goods sector as the prime causes of higher nontradables inflation. In addition. disinflation attempts and the exchange rate regime appear to have had significant influence on the relative inflation rate.
Author | : Rui Mano |
Publisher | : International Monetary Fund |
Total Pages | : 49 |
Release | : 2015-02-27 |
Genre | : Business & Economics |
ISBN | : 1484319354 |
This paper explains in detail the construction of series for productivity in the traded and nontraded sectors for a panel of 56 countries spanning 1989–2012. The level of productivity in each sector is defined as real value added per worker in constant 2005 Purchasing Power Parity (PPP) U.S. dollars. To construct these series, we collect industry-level data from several sources, and classify individual industries as traded/non-traded using their ratio of exports to value added. Finally, we aggregate the industry data up to a traded sector and a non-traded sector, accordingly. This new dataset has two main advantages relative to existing datasets: (i) it defines more finely the traded/non-traded sectors, by drawing on much more disaggregated industry source data; and (ii) it allows for meaningful comparisons of the level of productivity across countries/sectors because sectoral productivity is adjusted by its own price level.
Author | : Hong G. Min |
Publisher | : World Bank Publications |
Total Pages | : 36 |
Release | : 2002 |
Genre | : Economic development |
ISBN | : |
Even though real exchange rate has an important impact on sustainable export and economic growth for small open economies, its impact on income distribution and transmission mechanism was never investigated. The paper shows that improved income distribution, through its impact on the price of nontradables, is associated with real exchange rate devaluation.
Author | : Mr.Carlo Cottarelli |
Publisher | : International Monetary Fund |
Total Pages | : 300 |
Release | : 1998-07-01 |
Genre | : Business & Economics |
ISBN | : 9781557756992 |
Many countries, including several transition economies, have in the last few years recorded a sharp decline in inflation, but have been unable to bring inflation down to lower single digits or to achieve price stability. In these countries, inflation has stabilized at moderate levels, with further progress becoming seemingly more difficult. What are the problems created by moderate inflation? What is the appropriate speed of disinflation? These and other issues related to disinflation in transition economies are taken up in this book, edited by Carlo Cottarelli and Gyorgy Szapáry.
Author | : Stefan Collignon |
Publisher | : Routledge |
Total Pages | : 432 |
Release | : 2003-09-02 |
Genre | : Business & Economics |
ISBN | : 1134683804 |
This book discusses the future of Asian currencies in a changing monetary system assessing the roles of the dollar, Euro and yen.
Author | : Philipp Maier |
Publisher | : Edward Elgar Publishing |
Total Pages | : 248 |
Release | : 2002-01-01 |
Genre | : Business & Economics |
ISBN | : 9781782543459 |
Philipp Maier offers an examination of the extent to which governments and various interest groups have exerted pressure on central banks. The book looks in particular at the Deutsche Bundesbank - which acted as the blueprint for the European Central Bank (ECB) - and utilizes an original set of indicators to measure external pressure and support from the government and other institutions.
Author | : Amalia Morales Zumaquero |
Publisher | : Nova Publishers |
Total Pages | : 426 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : 9781594549014 |
The international macroeconomics area has experienced substantial growth over the past decade. The goal of this volume is to present the most important developments in the international macroeconomics field in recent years. The literature in this area has evolved mainly in four directions that constitute the four parts of this book. In particular, Part I focuses on the purchasing power parity (PPP) puzzle, Part II presents papers that try to explain the behaviour of nominal and real exchange rates, Part III covers the financial crises, currency crises and contagion recent literature and, finally, the behaviour of exchange rates, inflation and output convergence in Central and Eastern European transition economies are considered in Part IV.