Openness, exchange rate regimes and the Phillips curve.
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...
| 1. Verfasser: | |
|---|---|
| Format: | Working paper |
| Sprache: | English |
| Veröffentlicht: |
Nuffield College (University of Oxford)
2005
|