Inflation Dynamics in the Dominican Republic
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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. 2004/029
Subject:
Currency markets Demand for money Exchange rates Financial markets Foreign exchange Inflation Monetary base Money Prices
English
Publication Date:
February 1, 2004
ISBN/ISSN:
9781451844832/1018-5941
Stock No:
WPIEA0292004
Pages:
21
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