Why has inflation remained so low after the large exchange rate depreciations of 1992?

Journal of Common Market Studies

Volumn 35, Issue 3, 1997, Pages 329-346

  Amitrano, Alessandra ^b   De Grauwe, Paul ^a   Tullio, Giuseppe ^b  

^a UNIVERSITY OF LEUVEN   (Belgium)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0031494461     PISSN: 00219886     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-5965.00065     Document Type: Article

References (10)

1. Alexander, S. (1951) 'Devaluation versus Import Restriction as an Instrument for Improving Foreign Exchange Balance'. IMF Staff Papers, March.
2. Baldwin R. (1988) 'Hysteresis in Import Prices: The Beachhead Effect'. American Economic Review, Vol. 78, No. 4, September.
3. Costa, C. (1996) 'Exchange Rate Pass-through: The Case of the Portuguese Imports and Export'. Masters thesis, University of Leuven, June.
4. Frenkel, J. and Johnson, H. (1976) The Monetary Approach to the Balance of Payments (London: Alien & Unwin), p. 388.
5. Grauwe P. de and Tullio G. (1994) 'The Exchange Rate Changes of 1992 and Inflation Convergence in the EMS'. In Steinherr, A. (ed.), European Monetary Integration: From the Werner Plan to EMU (Harlow: Longman).
6. Hooper, P. and Mann C. (1989) Exchange Rate Pass-through in the 1980s: The Case of US Imports of Manufactures. Brookings Papers on Economic Activity, No. 1, pp. 297-37.
7. Krugman, P. (1987) 'Pricing to Market when the Exchange Rate Changes'. In Arndt, S. and Davidson, R. (eds) Real Financial Linkages among Open Economies (Cambridge, Mass.: MIT Press).
8. Locarno, A. and Rossi S. (1995) 'Inflazione e conti con l'estero nell'economia italiana post svalutazione: due luoghi comuni da sfatare'. Temi di discussione del Servizio Studi della Banca d'Italia, March.
9. Romer D. (1993) 'Openness and Inflation: Theory and Evidence'. Quarterly Journal of Economics, November.
10. Tullio G. (1981) The Monetary Approach to External Adjustment: A Case Study of Italy (Basingstoke: Macmillan/New York: St. Martin's Press).