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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Inflation Dynamics in the Dominican Republic  |c Oral Williams, Olumuyiwa Adedeji 
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300 |a 21 pages 
651 4 |a Dominican Republic 
653 |a Inflation 
653 |a Finance 
653 |a Monetary economics 
653 |a Deflation 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Open Economy Macroeconomics 
653 |a Currency 
653 |a Money 
653 |a Money supply 
653 |a International Financial Markets 
653 |a Currency markets 
653 |a Price Level 
653 |a Foreign Exchange 
653 |a Monetary base 
653 |a Demand for Money 
653 |a Financial markets 
653 |a Demand for money 
653 |a Prices 
653 |a Macroeconomics 
653 |a Foreign exchange market 
653 |a Exchange rates 
653 |a Money and Monetary Policy 
653 |a Finance: General 
653 |a Foreign exchange 
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520 |a 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