Openness, exchange rate regimes and the Phillips curve.

Openness, exchange rate regimes and the Phillips curve.

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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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Bibliographic Details
Main Author:	Bowdler, C
Format:	Journal article
Language:	English
Published:	Elsevier 2009

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