## International Evidenceon Tradables and Nontradables Inflation

_IMF Working Papers, March 1, 1994_

## Source details

**Canonical URL:** [International Evidenceon Tradables and Nontradables Inflation](https://www.imf.org/en/publications/wp/issues/2016/12/30/international-evidenceon-tradables-and-nontradables-inflation-1244)

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## Bibliographic details
- Authors: Holger C. Wolf, Alberto Giovannini, Jose De Gregorio
- Published: March 1, 1994
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451979282.001

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### Summary
- Title: International Evidenceon Tradables and Nontradables Inflation
- Authors: Holger C. Wolf, Alberto Giovannini, Jose De Gregorio
- Date: March 1, 1994
- Series: Working Paper No. 1994/033
- Pages: 36
- DOI: https://doi.org/10.5089/9781451979282.001
- Study sample period: Using 1970-85 sectoral data for the OECD.
- Note: Study based on 1970-84 sectoral data for the OECD.

### Key findings
- Inflation in nontradable goods exceeds inflation in tradables (reported for OECD sectoral data 1970-85).
- Identified prime causes of the differential inflation:
  - A demand shift towards nontradables.
  - Faster growth of total factor productivity in the tradable goods sector.
- Additional influences on relative inflation rates:
  - Disinflation attempts.
  - The exchange rate regime.

### Subject coverage and keywords
- Subject areas: Exchange rate arrangements, Expenditure, Foreign exchange, Income, Inflation, National accounts, Prices, Production, Productivity, Total factor productivity.
- Keywords: core EMS economy, Europe, exchange rate, Exchange rate arrangements, Income, Inflation, nontradable goods, oil price increase, Productivity, relative price, sector result, supply curve, Total factor productivity, WP.

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/30/international-evidenceon-tradables-and-nontradables-inflation-1244_