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Abstract

Abstract-The purpose of this paper is to test the hypothesis first documented by 1, that inflation is lower in more open economies. According to this hypothesis, central banks have a smaller incentive to engineer surprise inflations in more-open economies because the Phillips curve is steeper. We utilized the ARDL Bounds test approach to level relationship proposed by 2 for Iranian annual data over the period 1973-2007. Results from Bounds test approach confirm existence of long-run relationship among the variables under consideration. The results show that openness has negative and significant effect on inflation in short-run but its effect in long-run is not significant.



Item Type: MPRA Paper -

Original Title: Openness and Inflation in Iran-

English Title: Openness and Inflation in Iran-

Language: English-

Keywords: Keywords-Openness; Inflation; Iran; ARDL Bounds test approach. -

Subjects: E - Macroeconomics and Monetary Economics > E0 - GeneralE - Macroeconomics and Monetary Economics > E0 - General > E00 - GeneralE - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation-





Autor: Jafari Samimi, Ahmad

Fuente: https://mpra.ub.uni-muenchen.de/52408/







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