TY  - JOUR
AU  - Gregorio,Jose De
AU  - Giovannini,Alberto
TI  - International Evidence on Tradables and Nontradable Inflation
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4438
PY  - 1993
Y2  - August 1993
UR  - http://www.nber.org/papers/w4438
L1  - http://www.nber.org/papers/w4438.pdf
N1  - Author contact info:
Jose De Gregorio
Governor
Central Bank of Chile
Agustinas 1180
Santiago, Chile
Tel: 562 6702300
E-Mail: jdegrego@bcentral.cl

Alberto Giovannini
Unifortune Asset Management
Via Donizetti 53
20122 Milano, Italy
E-Mail: alberto.giovannini@alum.mit.edu
AB  - Using 1970-1985 sectoral data for the OECD we find that inflation in nontradable goods is higher than in tradables, We identify a demand shift towards nontradables and faster growth of total factor productivity in the tradable goods sector as the prime causes of higher nontradables inflation. In addition. disinflation attempts and the exchange rate regime appear to have had significant influence on the relative inflation rate.
ER  -