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Article: Capital mobility and the output-inflation tradeoff
Title | Capital mobility and the output-inflation tradeoff |
---|---|
Authors | |
Keywords | Capital controls Capital mobility Openness Output-inflation tradeoff |
Issue Date | 2001 |
Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/devec |
Citation | Journal Of Development Economics, 2001, v. 64 n. 1, p. 255-274 How to Cite? |
Abstract | Identifying determinants of the output-inflation tradeoff has been a key issue in business cycle research. We provide evidence that in countries with greater restrictions on capital mobility, a given reduction in the inflation rate is associated with a smaller loss in output. This result is shown to be consistent with the predictions of a version of the Mundell-Fleming model. Restrictions on capital mobility are measured using the IMF's Annual Report on Exchange Rate Arrangements and Exchange Restrictions. Estimates of the output-inflation tradeoff are taken from previous studies (viz., Lucas [Am. Econ. Rev. 63 (1973)] and Ball, Mankies and Romer 19 (1988)). © 2001 Elsevier Science B.V. All rights reserved. |
Persistent Identifier | http://hdl.handle.net/10722/85604 |
ISSN | 2023 Impact Factor: 5.1 2023 SCImago Journal Rankings: 3.737 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Loungani, P | en_HK |
dc.contributor.author | Razin, A | en_HK |
dc.contributor.author | Yuen, CW | en_HK |
dc.date.accessioned | 2010-09-06T09:07:05Z | - |
dc.date.available | 2010-09-06T09:07:05Z | - |
dc.date.issued | 2001 | en_HK |
dc.identifier.citation | Journal Of Development Economics, 2001, v. 64 n. 1, p. 255-274 | en_HK |
dc.identifier.issn | 0304-3878 | en_HK |
dc.identifier.uri | http://hdl.handle.net/10722/85604 | - |
dc.description.abstract | Identifying determinants of the output-inflation tradeoff has been a key issue in business cycle research. We provide evidence that in countries with greater restrictions on capital mobility, a given reduction in the inflation rate is associated with a smaller loss in output. This result is shown to be consistent with the predictions of a version of the Mundell-Fleming model. Restrictions on capital mobility are measured using the IMF's Annual Report on Exchange Rate Arrangements and Exchange Restrictions. Estimates of the output-inflation tradeoff are taken from previous studies (viz., Lucas [Am. Econ. Rev. 63 (1973)] and Ball, Mankies and Romer 19 (1988)). © 2001 Elsevier Science B.V. All rights reserved. | en_HK |
dc.language | eng | en_HK |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/devec | en_HK |
dc.relation.ispartof | Journal of Development Economics | en_HK |
dc.rights | Journal of Development Economics. Copyright © Elsevier BV. | en_HK |
dc.rights | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. | - |
dc.rights | NOTICE: this is the author’s version of a work that was accepted for publication in <Journal of Development Economics>. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in PUBLICATION, [VOL 64, ISSUE 1, (2001)] DOI 10.1016/S0304-3878(00)00132-2 | - |
dc.subject | Capital controls | en_HK |
dc.subject | Capital mobility | en_HK |
dc.subject | Openness | en_HK |
dc.subject | Output-inflation tradeoff | en_HK |
dc.title | Capital mobility and the output-inflation tradeoff | en_HK |
dc.type | Article | en_HK |
dc.identifier.openurl | http://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0304-3878&volume=64&spage=255&epage=274&date=2001&atitle=Capital+Mobility+And+The+Output-Inflation+Tradeoffs | en_HK |
dc.identifier.email | Yuen, CW: cwyuen@hku.hk | en_HK |
dc.identifier.authority | Yuen, CW=rp01123 | en_HK |
dc.description.nature | preprint | - |
dc.identifier.doi | 10.1016/S0304-3878(00)00132-2 | en_HK |
dc.identifier.scopus | eid_2-s2.0-0035122601 | en_HK |
dc.identifier.hkuros | 60908 | en_HK |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-0035122601&selection=ref&src=s&origin=recordpage | en_HK |
dc.identifier.volume | 64 | en_HK |
dc.identifier.issue | 1 | en_HK |
dc.identifier.spage | 255 | en_HK |
dc.identifier.epage | 274 | en_HK |
dc.identifier.isi | WOS:000166022000011 | - |
dc.publisher.place | Netherlands | en_HK |
dc.identifier.scopusauthorid | Loungani, P=6603605671 | en_HK |
dc.identifier.scopusauthorid | Razin, A=7102906968 | en_HK |
dc.identifier.scopusauthorid | Yuen, CW=7101633296 | en_HK |
dc.identifier.issnl | 0304-3878 | - |