Template-type: ReDIF-Paper 1.0
Author-Name: Christopher Bowdler
Author-Email: christopher.bowdler@nuffield.ox.ac.uk
Author-Workplace-Name:Nuffield College, Oxford
Author-Workplace-Homepage:http://www.nuff.ox.ac.uk/
Title: Openness and the Output-Inflation Tradeoff
Abstract:
  Standard open economy models predict that openness to trade should 
  exert a positive effect on the slope of the output-inflation 
  tradeoff, or Phillips curve, but such a proposition finds very 
  little support in the existing empirical literature. We propose a 
  new test of this hypothesis based on new measures of the slope of 
  the Phillips curve and more general cross-country regression models.
  The results provide strong empirical support for the standard 
  theoretical prediction.
Classification-JEL:E31, E32, F41
Keywords: Openness, Inflation, Phillips curve
Length:28 pages
Creation-Date: 2003-02-20
Number:2003-W04
File-URL:http://www.nuff.ox.ac.uk/economics/papers/2003/W4/OpenOIT.pdf
File-Format: application/pdf
Handle: RePEc:nuf:econwp:0304