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Disinflating from moderate inflation in Latin America and Caribbean

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  • Marc Hofstetter

Abstract

“Este artículo estudia el comportamiento de algunas variables macroeconómicas durante procesos desinflacionarios en América Latina y el Caribe. En particular, el artículo se enfoca en las desinflaciones desde picos inflacionarios bajos y moderados para el período 1973-2001. Al estudiar el comportamiento de las variables a través de las desinflaciones, se supera la necesidad de largas series de tiempo de variables macro de alta frecuencia, que ha obstaculizado el análisis empírico de choques monetarios en la región. El artículo encuentra que: i) el crecimiento económico se desaceleró durante las desinflaciones de los 70s y 80s, pero no durante las caídas de la inflación de los 90s; ii) la balanza comercial se deterioró durante las desinflaciones; iii) la depreciación nominal se redujo durante los episodios estudiados y iv) la tasa de cambio real se apreció durante las desinflaciones.”

Suggested Citation

  • Marc Hofstetter, 2007. "Disinflating from moderate inflation in Latin America and Caribbean," Coyuntura Económica, Fedesarrollo, June.
  • Handle: RePEc:col:000438:013344
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    File URL: http://hdl.handle.net/11445/2089
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    References listed on IDEAS

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    Cited by:

    1. Takashi Senda & Julie K Smith, 2008. "Inflation History And The Sacrifice Ratio: Episode‐Specific Evidence," Contemporary Economic Policy, Western Economic Association International, vol. 26(3), pages 409-419, July.

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    More about this item

    Keywords

    Informes de Investigación; Desinflación; Balanza Comercial; Tipo de Cambio; Inflación; Crecimiento Económico;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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