International Evidenceon Tradables and Nontradables Inflation /

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 additi...

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Bibliografiska uppgifter
Huvudupphovsman: Wolf, Holger
Övriga upphovsmän: De Gregorio, Jose, Giovannini, Alberto
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 1994.
Serie:IMF Working Papers; Working Paper ; No. 1994/033
Länkar:Full text available on IMF
Beskrivning
Sammanfattning: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.
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Fysisk beskrivning:1 online resource (36 pages)
Materialtyp:Mode of access: Internet
ISSN:1018-5941
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