The Disappearing Openness-Inflation Relationship : A Cross-Country Analysis of Inflation Rates

A Cross-Country Analysis of Inflation Rates

The Disappearing Openness-Inflation Relationship : A Cross-Country Analysis of Inflation Rates
The robust negative correlation between openness and inflation found in cross-country data for the 1970s and 1980s has disappeared in the 1990s. There is now a strong negative correlation of inflation with per capita GDP, as higher-income countries have achieved significant disinflation not emulated by lower-income countries. Since 1973, the... READ MORE...

Publication date: December 1999
ISBN 9781451857795
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