G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w2003
来源IDWorking Paper 2003
Propogation of Shocks in a High-Inflation Economy: Israel, 1980-85
Leonardo Leiderman; Assaf Razin
发表日期1986-08-01
出版年1986
语种英语
摘要The purpose of this paper is to provide empirical answers to questions related to the propagation of shocks in a high-inflation economy. Do one-time inflationary shocks give rise to long-term persistence, or inertia? Do balance of payments' shocks trigger a process that, through indexation and monetary accommodation, results in long-term changes in inflation? Within the context of a specific hypothesis, influential both in policy discussions and in economic analyses, the paper addresses these issues using Israeli data and vector-autoregression techniques. The evidence does not support the hypothesis that one-time nominal shocks have a persistent effect on the inflation rate, or the hypothesis that long-term changes in inflation are triggered by autonomous fluctuations in the trade balance.
URLhttps://www.nber.org/papers/w2003
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/559255
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GB/T 7714
Leonardo Leiderman,Assaf Razin. Propogation of Shocks in a High-Inflation Economy: Israel, 1980-85. 1986.
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