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.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Cost-Push Inflation, Drachma Devaluation, Dynamic Input-Output Price Models, Greek Economy, International Competitiveness
• Subjects: D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D57 - Input-Output Tables and Analysis; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E11 - Marxian ; Sraffian ; Kaleckian; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C67 - Input-Output Models

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