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Inflation and inflation uncertainty in Argentina, 1810-2005

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  • Thornton, John

Abstract

Unit root tests results suggest that inflation in Argentina for the period 1810-2005 is a stationary series when account is taken of structural breaks that coincide with bouts of hyperinflation. A GARCH (1,1) model of annual inflation suggests a positive short-run relation between the mean and variance of inflation, supporting Friedman's hypothesis that high inflation is associated with more variable inflation.

Suggested Citation

  • Thornton, John, 2008. "Inflation and inflation uncertainty in Argentina, 1810-2005," Economics Letters, Elsevier, vol. 98(3), pages 247-252, March.
    • Handle: RePEc:eee:ecolet:v:98:y:2008:i:3:p:247-252
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    References listed on IDEAS

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