International Evidence on Tradables and Nontradable Inflation

28 Pages Posted: 1 Jun 2004 Last revised: 19 Aug 2022

See all articles by Jose de Gregorio

Jose de Gregorio

Central Bank of Chile; Universidad de Chile; National Bureau of Economic Research (NBER)

Alberto Giovannini

Columbia University - Columbia Business School

Date Written: August 1993

Abstract

Using 1970-1985 sectoral data for the OECD we find that inflation in nontradable goods is higher than 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 higher nontradables inflation. In addition. disinflation attempts and the exchange rate regime appear to have had significant influence on the relative inflation rate.

Suggested Citation

de Gregorio, Jose and Giovannini, Alberto, International Evidence on Tradables and Nontradable Inflation (August 1993). NBER Working Paper No. w4438, Available at SSRN: https://ssrn.com/abstract=264430

Jose De Gregorio (Contact Author)

Central Bank of Chile ( email )

Agustinas 1180
Santiago
Chile

Universidad de Chile ( email )

Ministry of Finance Teatinos l20 - Piso l2
Santiago
Chile

National Bureau of Economic Research (NBER)

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Alberto Giovannini

Columbia University - Columbia Business School ( email )

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New York, NY 10027
United States