FURTHER EVIDENCE ON FRIEDMAN'S HYPOTHESIS: THE CASE OF PARAGUAY

This paper empirically investigates the relationship between average inflation and inflation uncertainty in Paraguay from 1965 to 1999. Several AR-GARCH models are used to generate the conditional mean, as well as the conditional variance of the inflationary process, which is a measure of inflation...

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Autor principal:	Fernández Valdovinos,Carlos
Lenguaje:	English
Publicado:	Instituto de Economía, Pontificia Universidad Católica de Chile 2001
Materias:	Inflation Inflation Uncertainty GARCH Models
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212001011500001
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spelling	oai:scielo:S0717-682120010115000012002-05-14FURTHER EVIDENCE ON FRIEDMAN'S HYPOTHESIS: THE CASE OF PARAGUAYFernández Valdovinos,Carlos Inflation Inflation Uncertainty GARCH Models This paper empirically investigates the relationship between average inflation and inflation uncertainty in Paraguay from 1965 to 1999. Several AR-GARCH models are used to generate the conditional mean, as well as the conditional variance of the inflationary process, which is a measure of inflation uncertainty. Granger methods are then employed to test for causality between average inflation and inflation uncertainty. The results indicate that in Paraguay higher levels of inflation have been historically accompanied by more inflationary uncertainty.info:eu-repo/semantics/openAccessInstituto de Economía, Pontificia Universidad Católica de ChileCuadernos de economía v.38 n.115 20012001-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212001011500001en10.4067/S0717-68212001011500001
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Inflation Inflation Uncertainty GARCH Models
spellingShingle	Inflation Inflation Uncertainty GARCH Models Fernández Valdovinos,Carlos FURTHER EVIDENCE ON FRIEDMAN'S HYPOTHESIS: THE CASE OF PARAGUAY
description	This paper empirically investigates the relationship between average inflation and inflation uncertainty in Paraguay from 1965 to 1999. Several AR-GARCH models are used to generate the conditional mean, as well as the conditional variance of the inflationary process, which is a measure of inflation uncertainty. Granger methods are then employed to test for causality between average inflation and inflation uncertainty. The results indicate that in Paraguay higher levels of inflation have been historically accompanied by more inflationary uncertainty.
author	Fernández Valdovinos,Carlos
author_facet	Fernández Valdovinos,Carlos
author_sort	Fernández Valdovinos,Carlos
title	FURTHER EVIDENCE ON FRIEDMAN'S HYPOTHESIS: THE CASE OF PARAGUAY
title_short	FURTHER EVIDENCE ON FRIEDMAN'S HYPOTHESIS: THE CASE OF PARAGUAY
title_full	FURTHER EVIDENCE ON FRIEDMAN'S HYPOTHESIS: THE CASE OF PARAGUAY
title_fullStr	FURTHER EVIDENCE ON FRIEDMAN'S HYPOTHESIS: THE CASE OF PARAGUAY
title_full_unstemmed	FURTHER EVIDENCE ON FRIEDMAN'S HYPOTHESIS: THE CASE OF PARAGUAY
title_sort	further evidence on friedman's hypothesis: the case of paraguay
publisher	Instituto de Economía, Pontificia Universidad Católica de Chile
publishDate	2001
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212001011500001
work_keys_str_mv	AT fernandezvaldovinoscarlos furtherevidenceonfriedmanshypothesisthecaseofparaguay
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FURTHER EVIDENCE ON FRIEDMAN'S HYPOTHESIS: THE CASE OF PARAGUAY

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