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The Determinants of Relative Price Variability: Further Evidence from Argentina Author info | Abstract | Publisher info | Download info | Related research | Statistics María Ángeles Caraballo
Carlos Dabús.
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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) with four inflation regimes: moderate, high, very high and hyperinflation. Results show that for the high, very high, and hyperinflation regimes, volatility and all components of inflation are relevant in explaining RPVI; but for the moderate regime, volatility and uncertainty are insignificant, and the impact of expected and unexpected inflation shocks depends on whether inflation is stable or not.
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Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía .
Volume (Year): 45 (2008)
Issue (Month): 132 ()
Pages: 235-255
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Handle: RePEc:ioe:cuadec:v:45:y:2008:i:132:p:235-255Contact details of provider: Postal: Avda. Vicu� Mackenna 4860, Macul, Santiago Phone: (562) 686-4303 Fax: (562) 553-1664 Email: Web page: http://www.economia.puc.cl/ More information through EDIRC
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Keywords: Relative Price Variability ; Inflation Regimes ; Markov Switching Model ; Inflation Components. ; Other versions of this item:
Find related papers by JEL classification: E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
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