International Evidence on Tradables and Nontradables Inflation
36 Pages Posted: 15 Feb 2006
Date Written: March 1994
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.
JEL Classification: F41, F43
Suggested Citation: Suggested Citation
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