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Working paper

Inflation dynamics and trade openness

Alternative title:
with an application to South Africa
Abstract:

Evolving openness to trade is hard to measure, despite its relevance to models of growth, inflation and exchange rates. Our innovative technique measures trade openness encompassing both observable trade policy (tariffs and surcharges) and unobservable trade policy (quotas and other nontariff barriers), capturing the latter by a smooth non-linear stochastic trend in a model for the share of manufactured imports in home demand for manufactured goods, controlling for the business cycle and exch...

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Publication status:
Published
Peer review status:
Not peer reviewed

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Sub department:
CSAE
Research group:
South African Macroeconomic Research Programme
Role:
Author
More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Economics
Research group:
South African Macroeconomic Research Programme
Oxford college:
Nuffield College
Role:
Author
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Funding agency for:
Aron, J
Grant:
RES-000-22-2066
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Funding agency for:
Muellbauer, J
Grant:
RES-000-22-2066
Series:
CSAE working paper series
Place of publication:
http://www.csae.ox.ac.uk/workingpapers/main-wps.html
Publication date:
2007-01-01
Language:
English
Keywords:
Subjects:
UUID:
uuid:93e74988-b4d3-464d-bb32-6b3b641c3e95
Local pid:
ora:2593
Deposit date:
2009-02-10

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