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Exchange Rate regimes, Political Parties, and the Inflation-Unemployment Tradeoff: Evidence From Greece

D.H. Lee and A. Philippopoulos

DEOS Working Papers from Athens University of Economics and Business

Abstract: We use Greek data during 1960-1994 to test and estimate a model in which wage inflation, price inflation and unemployment depend on the exchange rate regime, the identity of the political party in power and whether an election is expected to take place.

Keywords: EXCHANGE RATE; INFLATION; BUSINESS CYCLES; UNIT ROOTS (search for similar items in EconPapers)
JEL-codes: E30 E50 F30 (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:aue:wpaper:97-05

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