Openness, exchange rate regimes and the Phillips curve.
Recent research suggests that the Phillips curve slope, measured using sacrifice ratios from the period 1961–88, is positively related to trade openness, contradicting the Romer [1993. Openness and inflation: theory and evidence. Quarterly Journal of Economics 108, 869–903.] hypothesis that disinfla...
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| Format: | Journal article |
| Language: | English |
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Elsevier
2009
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