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Exchange-rate regimes and inflation: An empirical evaluation

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Sosvilla-Rivero, Simón y Ramos-Herrera, María del Carmen (2014) Exchange-rate regimes and inflation: An empirical evaluation. [ Working Papers on International Economics and Finance; nº 14-02, ISSN: 1696-6376 ]

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Resumen

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.


Tipo de documento:Documento de trabajo o Informe técnico
Palabras clave:Exchange rate regimes; Inflation rates
Materias:Ciencias Sociales > Economía > Econometría
Ciencias Sociales > Economía > Economía internacional
Ciencias Sociales > Economía > Indicadores económicos
Ciencias Sociales > Economía > Microeconomía
JEL:E42, 31
Título de serie o colección:Working Papers on International Economics and Finance
Volumen:
Número:14-02
Código ID:30645
Depositado:29 Jun 2015 11:26
Última Modificación:20 Feb 2017 13:20

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