Exchange-rate regimes and inflation: An empirical evaluation
Based on a dataset of 123 economies, both developed and developing countries, this paper investigates the relation between exchange-rate regimes and inflation performance. Our results suggest that those countries with flexible exchange-rate regimes are characterized by higher inflation rates, while...
| Autores: | , |
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| Formato: | informe técnico |
| Fecha de publicación: | 2014 |
| País: | España |
| Recursos: | Universidad Complutense de Madrid (UCM) |
| Repositorio: | Docta Complutense |
| Idioma: | inglés |
| OAI Identifier: | oai:docta.ucm.es:20.500.14352/41633 |
| Acesso em linha: | https://hdl.handle.net/20.500.14352/41633 |
| Access Level: | acceso abierto |
| Palavra-chave: | E42 31 Exchange rate regimes Inflation rates Econometría (Economía) Economía internacional Indicadores económicos Microeconomía 5302 Econometría 5310 Economía Internacional 5302.01 Indicadores Económicos 5307.15 Teoría Microeconómica |
| Resumo: | Based on a dataset of 123 economies, both developed and developing countries, this paper investigates the relation between exchange-rate regimes and inflation performance. Our results suggest that those countries with flexible exchange-rate regimes are characterized by higher inflation rates, while the smaller inflation rates are associated with fixed exchange rates and countries with intermediate regimes occupy an intermediate position in their records of inflation rates. These results are maintained when we analyze the countries by income level, except for the case of upper income countries, where we do not find significant differences between fixed and intermediate regimes in inflation performance. |
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