Submission Title

Factors Affecting Inflation across Countries over Time

Location

Jereld R. Nicholson Library: Grand Avenue

Subject Area

Economics

Description

This paper examines how debt as a ratio of GDP, income, country size, openness, central bank independence and political stability affects rates of inflation across countries over time. I update a previous study by Campillo & Miron (1997), which analyzes the determinants of inflation for the period 1973-1994. This paper applies the model used by Campillo & Miron to the years 1998-2007. I find the determinants of inflation to be largely similar in the two time periods.

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Factors Affecting Inflation across Countries over Time

Jereld R. Nicholson Library: Grand Avenue

This paper examines how debt as a ratio of GDP, income, country size, openness, central bank independence and political stability affects rates of inflation across countries over time. I update a previous study by Campillo & Miron (1997), which analyzes the determinants of inflation for the period 1973-1994. This paper applies the model used by Campillo & Miron to the years 1998-2007. I find the determinants of inflation to be largely similar in the two time periods.