Inflation and inflation uncertainty in Argentina, 1810-2005
AbstractUnit 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 98 (2008)
Issue (Month): 3 (March)
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