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Original Article

Ekonomik Yaklasim. 2003; 14(48): 87-96


OPENNESS AND THE EFFECTS OF MONETARY POLICY ON INFLATION: AN APPLICATION

Nihat Işık.



Abstract
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This paper assesses the relationship between openness and the effectiveness of monetary policy on inflation by using annual data for the 19902000 period for a panel of 42 countries. The paper's empirical results support the theoretical predictions that the more open the economy is the larger the inflation effects of a given change in the money supply.

Key words: Openness, Monetary Policy, Inflation

Article Language: EnglishTurkish







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