Imported inflation and monetary policy. A reply

Authors

  • I.O. Jr. SCOTT
  • W.E. SCHMIDT

DOI:

https://doi.org/10.13133/2037-3643/11629

Keywords:

monetary policy, fixated exchange rates

Abstract

In this brief rejoinder the authors respond to P.M. Oppenheimer’s criticism of their article Imported inflation and monetary policy. The authors reject Oppenheimer’s criticism of the data they use as well as the theoretical objections he raised. They argue that while the imported-inflation argument says monetary restraint will not work, Oppenheimer is saying that the authorities did not want it to work, a very different matter.


JEL: E31, E42, E52

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Published

2014-02-18

How to Cite

SCOTT, I. J., & SCHMIDT, W. (2014). Imported inflation and monetary policy. A reply. PSL Quarterly Review, 18(73). https://doi.org/10.13133/2037-3643/11629

Issue

Vol. 18 No. 73 (1965)

Section

Editorial

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