High inflation, price stability and hysteresis effect: Evidence from Argentina
We estimate a Currency Substitution model for 1980-2013 periods in Argentina. Following the Mongardini and Mueller (2000) specification, our paper studies the persistence of lower demand of local money, or dollarization, by including a hysteresis variable. By applying an ARDL (Auto Regressive Distri...
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Autores principales: | , , |
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Lenguaje: | English |
Publicado: |
ILADES. Universidad Alberto Hurtado.
2016
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Materias: | |
Acceso en línea: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702016000100004 |
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