TY - BOOK ID - 84540948 TI - Capital Mobility and the Output-Inflation Tradeoff AU - Razin, Assaf. AU - Loungani, Prakash. AU - Yuen, Chi-Wa. PY - 2000 SN - 1462302548 1452755299 1281271500 1451897014 9786613778338 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Exports and Imports KW - Foreign Exchange KW - Inflation KW - Economic Theory KW - Open Economy Macroeconomics KW - International Investment KW - Long-term Capital Movements KW - Price Level KW - Deflation KW - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian) KW - Empirical Studies of Trade KW - International economics KW - Currency KW - Foreign exchange KW - Macroeconomics KW - Economic theory & philosophy KW - Capital controls KW - Real exchange rates KW - Neoclassical theory KW - Trade balance KW - Balance of payments KW - Prices KW - Economic theory KW - International trade KW - Capital movements KW - Neoclassical school of economics KW - Balance of trade KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84540948 AB - Identifying determinants of the output-inflation tradeoff has long been a key issue in business cycle research. We provide evidence that in countries with greater restrictions on capital mobility, a given reduction in the inflation rate is associated with a smaller loss in output. This result is shown to be consistent with theoretical presumption from a version of the Mundell-Fleming model. Restrictions on capital mobility are measured using the IMF’s Annual Report on Exchange Rate Arrangements and Exchange Restrictions. Estimates of the output-inflation tradeoff are taken from previous studies, viz., Lucas (1973) and Ball, Mankiw and Romer (1988). ER -