Autor:	Malte Krüger, Ignacio Hernando, Javier Andrés
Rok vydání:	1996
Předmět:	Inflation Economics and Econometrics Exchange rate media_common.quotation_subject Keynesian economics Economics Monetary economics Exchange-rate regime Real interest rate Finance media_common
Zdroj:	Economics Letters. 53:61-65
ISSN:	0165-1765
Popis:	According to the Balassa-Samuelson effect, growth and inflation are positively correlated in economies with pegged currencies. This paper shows that the costs of inflation on long-term growth are underestimated in samples that include countries and periods with fixed exchange rate regimes.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::4b89c36234460d2176ea843fc86d2386 https://doi.org/10.1016/s0165-1765(96)00895-6 Zobrazit plný text záznamu Full Text from ScienceDirect