The Determinants of Relative Price Variability: further evidence from argentina
This paper analyses the relative price variability (here after, RPVI) for Argentina from 1960 to 1993. We have distinguished a first period (1960-1975) with a moderate and stable inflation and a second one (1975-1993) withfour inflation regimes: moderate, high, very high and hyperinflation. Results...
Guardado en:
| Autores principales: | , |
|---|---|
| Lenguaje: | English |
| Publicado: |
Instituto de Economía, Pontificia Universidad Católica de Chile
2008
|
| Materias: | |
| Acceso en línea: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212008000200004 |
| Etiquetas: |
Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
|
| Sumario: | This paper analyses the relative price variability (here after, RPVI) for Argentina from 1960 to 1993. We have distinguished a first period (1960-1975) with a moderate and stable inflation and a second one (1975-1993) withfour inflation regimes: moderate, high, very high and hyperinflation. Results show thatfor the high, very high, and hyperinflation regimes, volatility and all components of inflation are relevant in explaining RPVI; butfor the moderate regime, volatility and uncertainty are insignificant, and the impact ofexpected and unexpected inflation shocks depends on whether inflation is stable or not. |
|---|