Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/220251 
Year of Publication: 
2015
Series/Report no.: 
Discussion Paper No. 162
Publisher: 
Institute for Applied Economic Research (ipea), Brasília
Abstract: 
In this article we estimate the relationship between inflation and trade openness [e.g., Romer (1993)] using modern panel data techniques. The advantage here is that we are able to explicit test the hypothesis proposed by Terra (1998) that the negative relationship between openness and inflation is due to severely indebted countries in the debt crisis period. The econometric results give support to Romer (1993) showing that the negative relationship between inflation and openness are neither restrict to a subset of countries or a time period.
JEL: 
C23
E61
Document Type: 
Working Paper

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