Determinant Factors in Disinflation Costs of Developing Countries
This paper investigates some determinants of disinflation costs (sacrifice ratio) in some developing countries. The ratio is calculated by a SVAR model using annual data during 1985-2008 for 40 developing countries. The results show the ratio is decreasing in the status of high levels of initial inf...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2012-03-01
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| Series: | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| Subjects: | |
| Online Access: | https://joer.atu.ac.ir/article_958_0dc49764db7e98908caa750623a4b6d8.pdf |
| Summary: | This paper investigates some determinants of disinflation costs (sacrifice ratio) in some developing countries. The ratio is calculated by a SVAR model using annual data during 1985-2008 for 40 developing countries. The results show the ratio is decreasing in the status of high levels of initial inflation and central bank independence. Also, the openness of economy and capital mobility has positive effects on the ratio. |
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| ISSN: | 1735-210X 2476-6453 |