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Inflation Dynamics in the Dominican Republic

This paper investigates the determinants of inflation in the Dominican Republic during 1991-2002, a period characterized by remarkable macroeconomic stability and growth. By developing a parsimonious and empirically stable error-correction model using quarterly observations, the paper finds that inf...

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Bibliographic Details
Main Author: Williams, Oral
Other Authors: Adedeji, Olumuyiwa
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Working Papers
Subjects:
Inflation
Finance
Currency; Foreign Exchange
Monetary Economics
Deflation
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Open Economy Macroeconomics
Money
Money Supply
International Financial Markets
Currency Markets
Foreign Exchange
Price Level
Monetary Base
Financial Markets
Demand For Money
Prices
Macroeconomics
Foreign Exchange Market
Exchange Rates
Money And Monetary Policy
Finance: General
Dominican Republic
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper investigates the determinants of inflation in the Dominican Republic during 1991-2002, a period characterized by remarkable macroeconomic stability and growth. By developing a parsimonious and empirically stable error-correction model using quarterly observations, the paper finds that inflation is explained by changes in monetary aggregates, real output, foreign inflation, and the exchange rate
Physical Description:21 pages
ISBN:9781451844832

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