Inflation Dynamics in the Dominican Republic

Author/Editor:

Oral Williams ; Olumuyiwa S Adedeji

Publication Date:

February 1, 2004

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper investigates the determinants of inflation in the Dominican Republic during 1991-2002, a period characterized by remarkable macroeconomic stability and growth. By developing a parsimonious and empirically stable error-correction model using quarterly observations, the paper finds that inflation is explained by changes in monetary aggregates, real output, foreign inflation, and the exchange rate.

Series:

Working Paper No. 04/29

Subject:

English

Publication Date:

February 1, 2004

ISBN/ISSN:

9781451844832/1018-5941

Stock No:

WPIEA0292004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

21

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