全球智库信息集成服务系统(G2TT): DP4571 The Severity of the Colombian Conflict: Cross-Country Dataset versus New Micro Data

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP4571
	DP4571 The Severity of the Colombian Conflict: Cross-Country Dataset versus New Micro Data
	Michael Spagat; Jorge Restrepo; Juan F. Vargas
发表日期	2004-08-23
出版年	2004
语种	英语
摘要	In our recent Economic Policy article (Honohan and Lane, 2003), we argued that the strength of the US dollar 1999-2001 had an important impact on inflation divergence within the EMU and in particular the surge in Ireland?s inflation to over 7%. This hypothesis has been subjected to a grueling out-of-sample test: would the dollar?s subsequent weakness contribute to inflation convergence and in particular to a fall in Irish inflation? Fortunately for us, the theory has passed the test with flying colours. Irish inflation stopped dead in its tracks: consumer prices were unchanged between May and November of 2003. Regression analysis on quarterly inflation data across EMU members 1999.1-2004.1 confirms the importance of the exchange rate channel, although pinning down the exact dynamic specification will require a further span of data.
主题	International Macroeconomics
关键词	inflation Exchange rates Emu
URL	https://cepr.org/publications/dp4571
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/533488
推荐引用方式 GB/T 7714	Michael Spagat,Jorge Restrepo,Juan F. Vargas. DP4571 The Severity of the Colombian Conflict: Cross-Country Dataset versus New Micro Data. 2004.