Return to devalued drachma, cost-push inflation and international competitiveness

Theodore Mariolis () and Apostolis Katsinos

MPRA Paper from University Library of Munich, Germany

Abstract: This paper presents empirical estimates of the effects of a return to devalued drachma on the cost-inflation rate in the Greek economy. The results show moderate effects and the potential for substantial improvements in the balance of goods and services.

Keywords: Cost-Push Inflation; Drachma Devaluation; Dynamic Input-Output Price Models; Greek Economy; International Competitiveness (search for similar items in EconPapers)
JEL-codes: C67 D57 E11 E31 (search for similar items in EconPapers)
Date: 2011-12-14
New Economics Papers: this item is included in nep-cse
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:35413

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