The Intertemporal Relation Between Money and Prices: Evidence from Argentina

We study the relationship between money and prices in Argentina for the periods 1976-1989 and 1991-2001, which represent different monetary, fiscal, exchange rate and political regimes. We perform structural unit root tests, apply a filter similar to Lucas (1980), calculate correlations, perform Gra...

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Autores principales:	Gabrielli,María Florencia, Mc Candless,George, Rouillet,María Josefina
Lenguaje:	English
Publicado:	Instituto de Economía, Pontificia Universidad Católica de Chile 2004
Materias:	Quantitative Theory Empirical Evidence Structural Unit-Root Testing VARs
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212004012300002
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spelling	oai:scielo:S0717-682120040123000022004-09-28The Intertemporal Relation Between Money and Prices: Evidence from ArgentinaGabrielli,María FlorenciaMc Candless,GeorgeRouillet,María Josefina Quantitative Theory Empirical Evidence Structural Unit-Root Testing VARs We study the relationship between money and prices in Argentina for the periods 1976-1989 and 1991-2001, which represent different monetary, fiscal, exchange rate and political regimes. We perform structural unit root tests, apply a filter similar to Lucas (1980), calculate correlations, perform Granger causality tests and estimate VAR models. The results from the two periods are very different and differ from those found for developed countries. The reaction times we get are much shorter and the direction of causality (Granger) for the earlier period is the opposite of that normally encountered in the literatureinfo:eu-repo/semantics/openAccessInstituto de Economía, Pontificia Universidad Católica de ChileCuadernos de economía v.41 n.123 20042004-08-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212004012300002en10.4067/S0717-68212004012300002
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Quantitative Theory Empirical Evidence Structural Unit-Root Testing VARs
spellingShingle	Quantitative Theory Empirical Evidence Structural Unit-Root Testing VARs Gabrielli,María Florencia Mc Candless,George Rouillet,María Josefina The Intertemporal Relation Between Money and Prices: Evidence from Argentina
description	We study the relationship between money and prices in Argentina for the periods 1976-1989 and 1991-2001, which represent different monetary, fiscal, exchange rate and political regimes. We perform structural unit root tests, apply a filter similar to Lucas (1980), calculate correlations, perform Granger causality tests and estimate VAR models. The results from the two periods are very different and differ from those found for developed countries. The reaction times we get are much shorter and the direction of causality (Granger) for the earlier period is the opposite of that normally encountered in the literature
author	Gabrielli,María Florencia Mc Candless,George Rouillet,María Josefina
author_facet	Gabrielli,María Florencia Mc Candless,George Rouillet,María Josefina
author_sort	Gabrielli,María Florencia
title	The Intertemporal Relation Between Money and Prices: Evidence from Argentina
title_short	The Intertemporal Relation Between Money and Prices: Evidence from Argentina
title_full	The Intertemporal Relation Between Money and Prices: Evidence from Argentina
title_fullStr	The Intertemporal Relation Between Money and Prices: Evidence from Argentina
title_full_unstemmed	The Intertemporal Relation Between Money and Prices: Evidence from Argentina
title_sort	intertemporal relation between money and prices: evidence from argentina
publisher	Instituto de Economía, Pontificia Universidad Católica de Chile
publishDate	2004
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212004012300002
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The Intertemporal Relation Between Money and Prices: Evidence from Argentina

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