Model
Digital Document
Publisher
Florida Atlantic University
Description
This thesis empirically analyzes the problem of
inflation in the Greek economy. The study is based upon
annual data for the period 1958 to 1980. The econometric
analysis is primarily based upon the Scandinavian model of
inflation for a small open economy. This model explains
inflation by structural differences in productivity between
sectors and a transmission mechanism which links world
inflation to domestic inflation. This study also examines
an extended Phillips curve model which considers both
excess demand variables and structural factors. The results indicate that the above models provide fairly good
explanations of the inflationary process in Greece.
inflation in the Greek economy. The study is based upon
annual data for the period 1958 to 1980. The econometric
analysis is primarily based upon the Scandinavian model of
inflation for a small open economy. This model explains
inflation by structural differences in productivity between
sectors and a transmission mechanism which links world
inflation to domestic inflation. This study also examines
an extended Phillips curve model which considers both
excess demand variables and structural factors. The results indicate that the above models provide fairly good
explanations of the inflationary process in Greece.
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