English, Article, Journal or magazine article edition: Openness and the output-inflation tradeoff Christopher Bowdler

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Bookmark: http://trove.nla.gov.au/version/34127
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Openness and the Output-Inflation Tradeoff
Author
  • Christopher Bowdler
Physical Description
  • preprint
Notes
  • RePEc:mmf:mmfc03:7
  • Standard open economy models predict that openness to trade should exert a positive effect on the slope of the output-inflation tradeoff, or Phillips curve, but such a proposition finds very little support in the existing empirical literature. We propose a new test of this hypothesis based on new measures of the slope of the Phillips curve and more general cross-country regression models. The results provide strong empirical support for the standard theoretical prediction.
  • Openness, Inflation, Phillips curve
  • RePEc:nuf:econwp:0304
Language
  • English
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