From capital inflow to inflation: the role of exchange rate and government debt

As an extension of Muinhos (1998), which found a negative relationship between capital inflows and inflation in Brazil, this paper attempts to obtain the intermediate variables that connect this relationship. Based on a three-good model of Agenor and Montiel (1996) it tests the real exchange rate an...

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Bibliographic Details
Main Author: Marcelo Kfoury Muinhos
Format: Article
Language:English
Published: Fundação Getúlio Vargas 2000-01-01
Series:Revista Brasileira de Economia
Subjects:
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402000000100003