A reduced form estimate of Swiss inflation

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Stuart D. Allen, Professor (Creator)
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: The significance of various domestic and international variables as contributors to the inflationary pressures in Switzerland are tested by a reduced-form equation estimate. The evidence suggests that Swiss inflation has resulted primarily from monetary expansion that has been fueled by the acquisition of foreign reserves by the central bank during the period of fixed exchange rates though import prices and domestic fiscal policy also have had a contributing impact The Swiss experience confirms the ability of one country to significantly reduce its domestic inflation rate by minimizing its intervention in the foreign exchange market and following a low to moderate monetary growth policy.

Additional Information

Journal of Economics and Business
Language: English
Date: 1980
Economics, Switzerland, Inflation

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