International Evidenceon Tradables and Nontradables Inflation

Holger Wolf, Alberto Giovannini and Jose De Gregorio

No 1994/033, IMF Working Papers from International Monetary Fund

Abstract: Using 1970-85 sectoral data for the OECD we find that inflation in nontradable good exceeds inflation in tradables. We identify a demand shift towards nontradables and faster growth of total factor productivity in the tradable goods sector as the prime causes of the differential inflation. In addition, disinflation attempts and the exchange rate regime appear to have exerted significant influence on the relative inflation rate.

Keywords: WP; exchange rate; nontradable goods; core EMS economy; relative price; sector result; supply curve; oil price increase; Inflation; Productivity; Income; Total factor productivity; Exchange rate arrangements; Europe (search for similar items in EconPapers)
Pages: 36
Date: 1994-03-01
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Citations: View citations in EconPapers (363)

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Related works:
Journal Article: International evidence on tradables and nontradables inflation (1994)
Working Paper: International Evidence on Tradables and Nontradable Inflation (1993)
Working Paper: International Evidence on Tradables and Nontradables Inflation (1993)
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