Author/Editor: Holger C Wolf, Alberto Giovannini, Jose De Gregorio.

Release Date:March, 1994

Using 1970-85 sectoral data for the OECD we find that inflation in nontradable good exceeds inflation in tradables. We identify a demand shift towards nontradables and faster growth of total factor more...

Author/Editor: Jose De Gregorio, Thomas Krueger, Alberto Giovannini.

Release Date:May, 1993

This paper examines the evolution of the relative price between tradable and nontradable goods in a group of European countries. A model of an open economy is used to analyze different factors that more...