Working paper icon

Working paper

Openness and the Output-Inflation Tradeoff.

Abstract:

Standard open economy models predict that openness to trade should exert a positive effect on the slope of the output-iflation tradeoff, or Phillips curve, but such a proposition fi…nds very little support in the existing empirical literature. We propose a new test of this hypothesis based on new measures of the slope of the Phillips curve and more general cross-country regression models. The results indicate some support for the standard theoretical prediction, but it is con…ned to those cou...

Expand abstract

Actions


Access Document


Files:

Authors


Christopher Bowdler More by this author
Volume:
2003-W04
Series:
Economics Working Papers
Publication date:
2003
URN:
uuid:1a960b4a-261f-4af4-b931-0d260f59ea8b
Local pid:
oai:economics.ouls.ox.ac.uk:14590
Language:
English

Terms of use


Metrics



If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP