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Article: Capital mobility and the output-inflation tradeoff

TitleCapital mobility and the output-inflation tradeoff
Authors
Loungani, PRazin, AYuen, CW
KeywordsCapital controls
Capital mobility
Openness
Output-inflation tradeoff
Issue Date2001
PublisherElsevier 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?
DOI: http://dx.doi.org/10.1016/S0304-3878(00)00132-2
AbstractIdentifying 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 Identifierhttp://hdl.handle.net/10722/85604
ISSN
0304-3878
2023 Impact Factor: 5.1
2023 SCImago Journal Rankings: 3.737
ISI Accession Number ID
WOS:000166022000011
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorLoungani, Pen_HK
dc.contributor.authorRazin, Aen_HK
dc.contributor.authorYuen, CWen_HK
dc.date.accessioned2010-09-06T09:07:05Z-
dc.date.available2010-09-06T09:07:05Z-
dc.date.issued2001en_HK
dc.identifier.citationJournal Of Development Economics, 2001, v. 64 n. 1, p. 255-274en_HK
dc.identifier.issn0304-3878en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85604-
dc.description.abstractIdentifying 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.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/devecen_HK
dc.relation.ispartofJournal of Development Economicsen_HK
dc.rightsJournal of Development Economics. Copyright © Elsevier BV.en_HK
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.-
dc.rightsNOTICE: 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.subjectCapital controlsen_HK
dc.subjectCapital mobilityen_HK
dc.subjectOpennessen_HK
dc.subjectOutput-inflation tradeoffen_HK
dc.titleCapital mobility and the output-inflation tradeoffen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://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+Tradeoffsen_HK
dc.identifier.emailYuen, CW: cwyuen@hku.hken_HK
dc.identifier.authorityYuen, CW=rp01123en_HK
dc.description.naturepreprint-
dc.identifier.doi10.1016/S0304-3878(00)00132-2en_HK
dc.identifier.scopuseid_2-s2.0-0035122601en_HK
dc.identifier.hkuros60908en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0035122601&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume64en_HK
dc.identifier.issue1en_HK
dc.identifier.spage255en_HK
dc.identifier.epage274en_HK
dc.identifier.isiWOS:000166022000011-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridLoungani, P=6603605671en_HK
dc.identifier.scopusauthoridRazin, A=7102906968en_HK
dc.identifier.scopusauthoridYuen, CW=7101633296en_HK
dc.identifier.issnl0304-3878-

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