Source: Does the Gap Model Work in Asia?
Series: IMF Working Papers
Author(s): C. McDermott , and David Coe
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 1996
Keywords: inflation, change in inflation, money supply, terms of trade, monetary fund
There is considerable evidence from industrial countries that the output gap is an important determinant of inflation. We examine whether the gap model also works in developing, newly industrializing, and industria...