Openness, exchange rate regimes and the Phillips curve.

Openness, exchange rate regimes and the Phillips curve.

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A number of theoretical models predict that the slope of the Phillips curve increases with trade openness, but cross-country studies provide little evidence for such a correlation. We highlight two reasons for this …finding. Firstly, the strength of the relationship may depend on the extent of excha...

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Библиографические подробности
Главный автор:	Bowdler, C
Формат:	Working paper
Язык:	English
Опубликовано:	Nuffield College (University of Oxford) 2005

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