01775cas a2200265 a 4500 AALejournalIMF001213 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851014 1018-5941 BD-DhAAL BD-DhAAL Razin, Assaf. Capital Mobility and the Output-Inflation Tradeoff / Assaf Razin, Prakash Loungani, Chi-Wa Yuen. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Identifying determinants of the output-inflation tradeoff has long been a key issue in business cycle research. We provide evidence that in countries with greater restrictions on capital mobility, a given reduction in the inflation rate is associated with a smaller loss in output. This result is shown to be consistent with theoretical presumption from a version of the Mundell-Fleming model. Restrictions on capital mobility are measured using the IMF's Annual Report on Exchange Rate Arrangements and Exchange Restrictions. Estimates of the output-inflation tradeoff are taken from previous studies, viz., Lucas (1973) and Ball, Mankiw and Romer (1988). Mode of access: Internet Loungani, Prakash. Yuen, Chi-Wa. IMF Working Papers; Working Paper ; No. 2000/087 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/087/001.2000.issue-087-en.xml IMF e-Library