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Return to devalued drachma, cost-push inflation and international competitiveness

Mariolis, Theodore and Katsinos, Apostolis (2011): Return to devalued drachma, cost-push inflation and international competitiveness.

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Abstract

This paper presents empirical estimates of the effects of a return to devalued drachma on the cost-inflation rate in the Greek economy. The results show moderate effects and the potential for substantial improvements in the balance of goods and services.

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