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Michael Bleaney and Manuela Francisco
''Inflation persistence and exchange rate regimes: evidence from developing countries''
( 2005, Vol. 6 No.2 )
Using data for 102 developing countries, it is shown that inflation persistence is particularly low in countries on hard pegs, and particularly high in countries with severe inflationary problems. Inflation persistence is similar under floating and soft pegs. The finding of low inflation persistence in hard pegs is a new result.
JEL: F4 - Macroeconomic Aspects of International Trade and Finance: General
E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
Manuscript Received : Nov 16 2004 Manuscript Accepted : Feb 24 2005

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