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Article Dans Une Revue International Journal of Finance and Economics Année : 2004

Capital Mobility and Inflation Persistence : Theory and Evidence from Greece

Résumé

This paper examines the relationship between the openness of the capital account and inflation persistence. In the theoretical part we find that in a fixed (floating) exchange rate regime inflation persistence is negatively (positively) associated with the intensity of capital controls. In the empirical part of the paper we analyse the dynamics of the inflation rate in Greece by associating inflation persistence with the capital account openness and we find evidence in favour of a positive relationship.

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hal-00278998 , version 1 (14-05-2008)

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Costas Karfakis, Demetrios Moschos, Moise Sidiropoulos. Capital Mobility and Inflation Persistence : Theory and Evidence from Greece. International Journal of Finance and Economics, 2004, 9 (2), pp.125-133. ⟨10.1002/ijfe.236⟩. ⟨hal-00278998⟩
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