A note on the determinants of inflation starts in the OECD
Christopher Bowdler, Luca Nunziata
Abstract
Boschen and Weise (Journal of Money, Credit and Banking, 2003) model the probability of a large upturn in inflation. We extend their work to show that openness to trade exerts a negative e¤ect on the probability of such an event.
Keywords: Inflation starts, trade openness
Date: May 2004 | Reference number(s): 2004-W11
Series: Nuffield College Economics Working Papers
JEL Classifications: E31, F41