A model of inflation in Taiwan

Gregory C. Chow

Economics Letters, 2012, vol. 117, issue 2, 464-466

Abstract: The model of Chow (1987) for inflation in China is applied to Taiwan. A cointegration relation linear in log price and log ratio of money supply to output is estimated. The change in this log ratio, lagged inflation and the lagged residual of the cointegration relation explain Taiwan’s inflation well except during the oil crises of 1973 and 1979–1980.

Keywords: Inflation; Taiwan; Error correction (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:2:p:464-466

DOI: 10.1016/j.econlet.2012.06.038

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