A note on the determinants of ination starts in the OECD
نویسندگان
چکیده
Boschen and Weise (Journal of Money, Credit and Banking, 2003) model the probability of a large upturn in ination. We extend their work to show that openness to trade exerts a negative e¤ect on the probability of such an event. Keywords: Ination starts, trade openness. JEL classi cation: E31, F41.
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