Series: IMF Working Papers
Author(s): M. Bleaney
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 1999
Keywords: Price, exchange rates, money, monetary policy, monetary growth, price inflation, gdp deflator
According to theory, inflation persistence should have less variance across countries under pegged than floating exchange rates, but not necessarily a lower mean. The paper tests this prediction on postwar data for...