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.
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页码：61 / 65
页数：5
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