Money, Wages and Inflation in Middle-Income Developing Countries

Money, Wages and Inflation in Middle-Income Developing Countries
This paper examines the short-run links between money growth, exchange rate depreciation, nominal wage growth, the output gap, and inflation in Chile, Korea, Mexico, and Turkey, using a generalized vector autoregression analysis. Nominal historical wage shocks are shown to have an important effect on movements in inflation only in Mexico.... READ MORE...

Publication date: December 1997
ISBN 9781451976991
$15.00

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