메뉴 건너뛰기




Volumn 15, Issue 4, 1996, Pages 551-575

The international convergence of inflation rates during fixed and floating exchange rate regimes

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0030209560     PISSN: 02615606     EISSN: None     Source Type: Journal    
DOI: 10.1016/0261-5606(96)00021-6     Document Type: Article
Times cited : (13)

References (55)
  • 1
    • 0000304386 scopus 로고
    • Nested reduced-rank autoregressive models for multiple time series
    • September
    • AHN, A.K. AND G.C. REINSEL, 'Nested reduced-rank autoregressive models for multiple time series,' Journal of the American Statistical Association, September 1988, 83: 849-856.
    • (1988) Journal of the American Statistical Association , vol.83 , pp. 849-856
    • Ahn, A.K.1    Reinsel, G.C.2
  • 2
    • 0001613089 scopus 로고
    • Monetary accommodation, exchange rate regimes and inflation persistence
    • May
    • ALOGOSKOUFIS, GEORGE S., 'Monetary accommodation, exchange rate regimes and inflation persistence,' The Economic Journal, May 1992, 102: 461-480.
    • (1992) The Economic Journal , vol.102 , pp. 461-480
    • Alogoskoufis, G.S.1
  • 3
    • 0001641633 scopus 로고
    • Inflation and uncertainty at short and long horizons
    • BALL, LAURANCE AND STEPHEN CECCHETTI, 'Inflation and uncertainty at short and long horizons,' Brookings Papers on Economic Activity, 1990, 21: 215-246.
    • (1990) Brookings Papers on Economic Activity , vol.21 , pp. 215-246
    • Ball, L.1    Cecchetti, S.2
  • 4
    • 84910440833 scopus 로고
    • Monetarist and Keynesian models of the transmission of inflation
    • May
    • BRANSON, WILLIAM, 'Monetarist and Keynesian models of the transmission of inflation,' American Economic Review Proceedings, May 1975, 65: 115-119.
    • (1975) American Economic Review Proceedings , vol.65 , pp. 115-119
    • Branson, W.1
  • 5
    • 0011494362 scopus 로고
    • The explanation of inflation: Some international evidence
    • February
    • BRUNNER, KARL AND ALLAN MELTZER, 'The explanation of inflation: Some international evidence,' American Economic Review Proceedings, February 1977, 67: 148-154.
    • (1977) American Economic Review Proceedings , vol.67 , pp. 148-154
    • Brunner, K.1    Meltzer, A.2
  • 6
    • 38249004633 scopus 로고
    • International transmission of US macroeconomic policy and the inflation record of Western Europe
    • September
    • BURDEKIN, RICHARD C.K., 'International transmission of US macroeconomic policy and the inflation record of Western Europe,' Journal of International Money and Finance, September 1989, 8: 401-423.
    • (1989) Journal of International Money and Finance , vol.8 , pp. 401-423
    • Burdekin, R.C.K.1
  • 7
    • 0000758367 scopus 로고
    • Optimal inflation tax under precommitment: Theory and evidence
    • March
    • CALVO, GUILLERMO AND LEONARDO LEIDERMAN, 'Optimal inflation tax under precommitment: Theory and evidence,' American Economic Review, March 1992, 82: 179-194.
    • (1992) American Economic Review , vol.82 , pp. 179-194
    • Calvo, G.1    Leiderman, L.2
  • 8
    • 0000847273 scopus 로고
    • Atheoretical macroeconometrics: A critique
    • September
    • COOLEY, THOMAS F. AND STEPHEN F. LEROY, 'Atheoretical macroeconometrics: A critique,' Journal of Monetary Economics, September 1985, 16: 283-308.
    • (1985) Journal of Monetary Economics , vol.16 , pp. 283-308
    • Cooley, T.F.1    Leroy, S.F.2
  • 9
    • 38249007881 scopus 로고
    • Purchasing power parity over the modern float: An application in higher order cointegration
    • November
    • CROWDER, WILLIAM J., 'Purchasing power parity over the modern float: An application in higher order cointegration,' Economics Letters, November 1992, 40: 313-318.
    • (1992) Economics Letters , vol.40 , pp. 313-318
    • Crowder, W.J.1
  • 11
    • 85005213536 scopus 로고
    • The monetary approach to the balance of payments: Two specious assumptions
    • April
    • DARBY, MICHAEL, 'The monetary approach to the balance of payments: Two specious assumptions,' Economic Inquiry, April 1980, 18: 321-326.
    • (1980) Economic Inquiry , vol.18 , pp. 321-326
    • Darby, M.1
  • 12
    • 84910430959 scopus 로고
    • The Mark III international transmission model
    • Michael Darby and James Lothian, eds. University of Chicago Press, Chicago
    • DARBY, MICHAEL AND ALAN STOCKMAN, 'The Mark III international transmission model,' in Michael Darby and James Lothian, eds. The International Transmission of Inflation, University of Chicago Press, Chicago, 1983.
    • (1983) The International Transmission of Inflation
    • Darby, M.1    Stockman, A.2
  • 14
    • 85036258669 scopus 로고
    • Distribution of the estimators for autoregressive time series with a unit root
    • June
    • DICKEY, DAVID AND WAYNE FULLER, 'Distribution of the estimators for autoregressive time series with a unit root,' Journal of the American Statistical Association, June 1979, 74: 427-431.
    • (1979) Journal of the American Statistical Association , vol.74 , pp. 427-431
    • Dickey, D.1    Fuller, W.2
  • 15
    • 84952491884 scopus 로고
    • Unit roots in time series models: Tests and implications
    • February
    • DICKEY, D.A., W.R. BELL AND R.B. MILLER, 'Unit roots in time series models: Tests and implications,' The American Statistician, February 1986, 40: 12-26.
    • (1986) The American Statistician , vol.40 , pp. 12-26
    • Dickey, D.A.1    Bell, W.R.2    Miller, R.B.3
  • 16
    • 0000013567 scopus 로고
    • Cointegration and error correction: Representation, estimation, and testing
    • March
    • ENGLE, ROBERT F. AND CLIVE W.J. GRANGER, 'Cointegration and error correction: Representation, estimation, and testing,' Econometrica, March 1987, 55: 251-276.
    • (1987) Econometrica , vol.55 , pp. 251-276
    • Engle, R.F.1    Granger, C.W.J.2
  • 17
    • 45949119851 scopus 로고
    • Forecasting and testing in cointegrated systems
    • May
    • ENGLE, ROBERT F. AND B. SAM YOO, 'Forecasting and testing in cointegrated systems,' Journal of Econometrics, May 1987, 35: 143-159.
    • (1987) Journal of Econometrics , vol.35 , pp. 143-159
    • Engle, R.F.1    Sam Yoo, B.2
  • 19
    • 0000435211 scopus 로고
    • Domestic financial policies under fixed and under floating exchange rates
    • November
    • FLEMING, J. MARCUS, 'Domestic financial policies under fixed and under floating exchange rates,' International Monetary Fund Staff Papers, November 1962.
    • (1962) International Monetary Fund Staff Papers
    • Fleming, J.M.1
  • 21
    • 0011398793 scopus 로고
    • The case for flexible exchange rates
    • RICHARD CAVES AND HARRY JOHNSON, eds. Richard D. Irwin, Inc., Homewood, Illinois
    • FRIEDMAN, MILTON, 'The case for flexible exchange rates,' in RICHARD CAVES AND HARRY JOHNSON, eds. Readings in International Economics, Richard D. Irwin, Inc., Homewood, Illinois, 1968.
    • (1968) Readings in International Economics
    • Friedman, M.1
  • 22
    • 38149147244 scopus 로고
    • A cointegration test of the optimal seignorage model
    • April
    • FUKUTA, YUICHI AND AKIHISA SHIBATA, 'A cointegration test of the optimal seignorage model,' Economics Letters, April 1994, 44: 433-437.
    • (1994) Economics Letters , vol.44 , pp. 433-437
    • Fukuta, Y.1    Shibata, A.2
  • 23
    • 0002340768 scopus 로고
    • The effect of seasonal adjustment filters on tests for a unit root
    • January-February
    • GHYSELS, ERIC AND PIERRE PERRON, 'The effect of seasonal adjustment filters on tests for a unit root,' Journal of Econometrics, January-February 1993, 55: 56-99.
    • (1993) Journal of Econometrics , vol.55 , pp. 56-99
    • Ghysels, E.1    Perron, P.2
  • 24
    • 38149147786 scopus 로고
    • Testing for unit roots in seasonal time series: Some theoretical extensions and a Monte Carlo investigation
    • June
    • GHYSELS, ERIC, HAHN S. LEE, AND JAESUM NOH, 'Testing for unit roots in seasonal time series: Some theoretical extensions and a Monte Carlo investigation,' Journal of Econometrics, June 1994, 62: 415-442.
    • (1994) Journal of Econometrics , vol.62 , pp. 415-442
    • Ghysels, E.1    Lee, H.S.2    Noh, J.3
  • 25
    • 33748632313 scopus 로고
    • Five alternative methods of estimating long-run equilibrium relationships
    • January-February
    • GONZALO, JESUS, 'Five alternative methods of estimating long-run equilibrium relationships,' Journal of Econometrics, January-February 1994, 60: 203-233.
    • (1994) Journal of Econometrics , vol.60 , pp. 203-233
    • Gonzalo, J.1
  • 28
    • 85011440465 scopus 로고
    • Tests for cointegration: A Monte Carlo comparison
    • forthcoming
    • HAUG, ALFRED, 'Tests for cointegration: A Monte Carlo comparison,' Journal of Econometrics, (forthcoming), 1994.
    • (1994) Journal of Econometrics
    • Haug, A.1
  • 30
    • 0345510809 scopus 로고
    • Statistical analysis of cointegrated vectors
    • April
    • JOHANSEN, SOREN, 'Statistical analysis of cointegrated vectors,' Journal of Economic Dynamics and Control, April 1988, 12: 231-254.
    • (1988) Journal of Economic Dynamics and Control , vol.12 , pp. 231-254
    • Johansen, S.1
  • 31
    • 0000158117 scopus 로고
    • Estimation and hypothesis testing or cointegrated vectors in Gaussian vector autoregressive models
    • May
    • JOHANSEN, SOREN, 'Estimation and hypothesis testing or cointegrated vectors in Gaussian vector autoregressive models,' Econometrica, May 1991, 59: 1551-1580.
    • (1991) Econometrica , vol.59 , pp. 1551-1580
    • Johansen, S.1
  • 32
    • 44049114825 scopus 로고
    • Testing weak exogeneity and the order of cointegration in UK money demand data
    • June
    • JOHANSEN, SOREN, 'Testing weak exogeneity and the order of cointegration in UK money demand data,' Journal of Policy Modeling, June 1992, 14: 313-334.
    • (1992) Journal of Policy Modeling , vol.14 , pp. 313-334
    • Johansen, S.1
  • 33
    • 84857011070 scopus 로고
    • The role of the constant and linear terms in cointegration analysis of nonstationary variables
    • JOHANSEN, SOREN, 'The role of the constant and linear terms in cointegration analysis of nonstationary variables,' Econometric Reviews, 1994, 13: 205-229.
    • (1994) Econometric Reviews , vol.13 , pp. 205-229
    • Johansen, S.1
  • 34
    • 84981579311 scopus 로고
    • Maximum likelihood estimation and inference on cointegration with an application to the demand for money
    • January
    • JOHANSEN, SOREN AND KATARINA JUSELIUS, 'Maximum likelihood estimation and inference on cointegration with an application to the demand for money,' Oxford Bulletin of Economics and Statistics, January 1990, 52: 169-210.
    • (1990) Oxford Bulletin of Economics and Statistics , vol.52 , pp. 169-210
    • Johansen, S.1    Juselius, K.2
  • 35
    • 44049117018 scopus 로고
    • Testing structural hypotheses in a multivariate cointegration analysis of the PPP and the UIP for UK
    • July-September
    • JOHANSEN, SOREN AND KATARINA JUSELIUS, 'Testing structural hypotheses in a multivariate cointegration analysis of the PPP and the UIP for UK,' Journal of Econometrics, July-September 1992, 53: 211-244.
    • (1992) Journal of Econometrics , vol.53 , pp. 211-244
    • Johansen, S.1    Juselius, K.2
  • 37
    • 34247480179 scopus 로고
    • Testing the null hypothesis of stationarity against the alternative of a unit root: How sure are we that economic time series have a unit root?
    • December
    • KWIATKOWSKI, D., P.C.B. PHILLIPS, P. SCHMIDT, AND Y. SHIN, 'Testing the null hypothesis of stationarity against the alternative of a unit root: How sure are we that economic time series have a unit root?,' Journal of Econometrics, December 1992, 54: 159-178.
    • (1992) Journal of Econometrics , vol.54 , pp. 159-178
    • Kwiatkowski, D.1    Phillips, P.C.B.2    Schmidt, P.3    Shin, Y.4
  • 38
    • 38249017535 scopus 로고
    • International transmission of aggregate shocks under fixed and flexible exchange rate regimes: United Kingdom, France, and West Germany, 1959 to 1985
    • September
    • LASTRAPES, WILLIAM D. AND FAIK KORAY, 'International transmission of aggregate shocks under fixed and flexible exchange rate regimes: United Kingdom, France, and West Germany, 1959 to 1985,' Journal of International Money and Finance, September 1990, 9: 402-423.
    • (1990) Journal of International Money and Finance , vol.9 , pp. 402-423
    • Lastrapes, W.D.1    Koray, F.2
  • 39
    • 45949118447 scopus 로고
    • The optimal collection of seignorage: Theory and evidence
    • September
    • MANKIW, N. GREGORY, 'The optimal collection of seignorage: Theory and evidence,' Journal of Monetary Economics, September 1987, 20: 327-341.
    • (1987) Journal of Monetary Economics , vol.20 , pp. 327-341
    • Mankiw, N.G.1
  • 40
    • 0000409199 scopus 로고
    • The exchange rate and macroeconomic policy: Changing postwar perspectives
    • June
    • McKINNON, RONALD I., 'The exchange rate and macroeconomic policy: Changing postwar perspectives,' Journal of Economic Literature, June 1981, 19: 531-557.
    • (1981) Journal of Economic Literature , vol.19 , pp. 531-557
    • McKinnon, R.I.1
  • 41
    • 84925977670 scopus 로고
    • Currency substitution and instability in the world dollar standard
    • June
    • MCKINNON, RONALD I., 'Currency substitution and instability in the world dollar standard,' American Economic Review, June 1982, 72: 320-333.
    • (1982) American Economic Review , vol.72 , pp. 320-333
    • McKinnon, R.I.1
  • 43
    • 0000706085 scopus 로고
    • A simple, positive semi-definite, heteroskedasticity and autocorrelation consistent covariance matrix
    • May
    • NEWEY, W. AND K. WEST, 'A simple, positive semi-definite, heteroskedasticity and autocorrelation consistent covariance matrix,' Econometrica, May 1987, 55: 703-708.
    • (1987) Econometrica , vol.55 , pp. 703-708
    • Newey, W.1    West, K.2
  • 44
    • 0000631178 scopus 로고
    • A note with quantiles of the asymptotic distribution of the maximum likelihood cointegration rank rest statistics
    • January
    • OSTERWALD-LENUM, MICHAEL, 'A note with quantiles of the asymptotic distribution of the maximum likelihood cointegration rank rest statistics,' Oxford Bulletin of Economics and Statistics, January 1992, 54: 461-472.
    • (1992) Oxford Bulletin of Economics and Statistics , vol.54 , pp. 461-472
    • Osterwald-Lenum, M.1
  • 45
    • 0042657411 scopus 로고
    • Asymptotic distributions of unit root tests when the process is nearly stationary
    • January
    • PANTULA, SASTRY, 'Asymptotic distributions of unit root tests when the process is nearly stationary,' Journal of Business and Economic Statistics, January 1991, 9: 63-71.
    • (1991) Journal of Business and Economic Statistics , vol.9 , pp. 63-71
    • Pantula, S.1
  • 47
    • 77956888124 scopus 로고
    • Testing for a unit root in time series regression
    • June
    • PHILLIPS, P.C.B. AND PIERRE PERRON, 'Testing for a unit root in time series regression,' Biometrika, June 1988, 75: 335-346.
    • (1988) Biometrika , vol.75 , pp. 335-346
    • Phillips, P.C.B.1    Perron, P.2
  • 48
    • 0000031376 scopus 로고
    • Trends and random walks in macroeconomic time series: A reexamination
    • August
    • RUDEBUSCH, GLENN, Trends and random walks in macroeconomic time series: A reexamination,' International Economic Review, August 1992, 33: 661-680.
    • (1992) International Economic Review , vol.33 , pp. 661-680
    • Rudebusch, G.1
  • 49
    • 19044371729 scopus 로고
    • Testing for unit roots in autoregressive moving average models of unknown order
    • December
    • SAID, SAID AND DAVID DICKEY, 'Testing for unit roots in autoregressive moving average models of unknown order,' Biometrika, December 1984, 71: 599-607.
    • (1984) Biometrika , vol.71 , pp. 599-607
    • Said, S.1    Dickey, D.2
  • 50
    • 0002814040 scopus 로고
    • Effects of model specification on tests for unit roots in macroeconomic data
    • July
    • SCHWERT, G. WILLIAM, 'Effects of model specification on tests for unit roots in macroeconomic data,' Journal of Monetary Economics, July 1987, 20: 73-103.
    • (1987) Journal of Monetary Economics , vol.20 , pp. 73-103
    • Schwert, G.W.1
  • 51
    • 84952511099 scopus 로고
    • Tests for unit roots: A Monte Carlo investigation
    • April
    • SCHWERT, G. WILLIAM, 'Tests for unit roots: A Monte Carlo investigation,' Journal of Business and Economic Statistics, April 1989, 7: 147-160.
    • (1989) Journal of Business and Economic Statistics , vol.7 , pp. 147-160
    • Schwert, G.W.1
  • 52
    • 0000997472 scopus 로고
    • Macoeconomics and reality
    • January
    • SIMS, CHRIS, 'Macoeconomics and reality,' Econometrica, January 1980, 48: 1-49.
    • (1980) Econometrica , vol.48 , pp. 1-49
    • Sims, C.1
  • 53
    • 0000769775 scopus 로고
    • Asymptotic properties of least squares estimators of cointegrating vectors
    • September
    • STOCK, JAMES, 'Asymptotic properties of least squares estimators of cointegrating vectors,' Econometrica, September 1987, 55: 1035-1056.
    • (1987) Econometrica , vol.55 , pp. 1035-1056
    • Stock, J.1
  • 55
    • 0011405514 scopus 로고
    • Global monetarism and the monetary approach to the balance of payments
    • WHITMAN, MARINA, 'Global monetarism and the monetary approach to the balance of payments,' Brookings Papers on Economic Activity, 1975, 6: 491-536.
    • (1975) Brookings Papers on Economic Activity , vol.6 , pp. 491-536
    • Whitman, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.