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Short-Run Price Movements in Ecuador

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  • Thomas M Fullerton Jr

    (University of Texas at El Paso)

Abstract

A theoretical model of inflationary dynamics in Ecuador is specified for the pre-dollarization period when the sucre was still the official currency. Parameter estimation is carried out using a battery of time series techniques. Monthly data from January 1964 to December 1994 are used in the empirical analysis. Variables shown to influence consumer price movements include the money supply, the exchange rate, and the implicit cost of holding idle cash balances.

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Bibliographic Info

Paper provided by EconWPA in its series Macroeconomics with number 0407028.

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Length: 17 pages
Date of creation: 22 Jul 2004
Date of revision:
Handle: RePEc:wpa:wuwpma:0407028

Note: Type of Document - doc; pages: 17
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Web page: http://128.118.178.162

Related research

Keywords: Ecuador; Inflation; Time Series Analysis;

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References

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  1. Ben S. Bernanke & Frederic S. Mishkin, 1997. "Inflation Targeting: A New Framework for Monetary Policy?," Journal of Economic Perspectives, American Economic Association, vol. 11(2), pages 97-116, Spring.
  2. Andrew J. Filardo, 1998. "New evidence on the output cost of fighting inflation," Economic Review, Federal Reserve Bank of Kansas City, issue Q III.
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Citations

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Cited by:
  1. Thomas M Fullerton Jr & Cuauhtemoc Calderon, 2004. "Inflationary Pressure Determinants in Mexico," Macroeconomics 0407030, EconWPA.
  2. Thomas M Fullerton Jr & Sylvanus I Ikhide, 2004. "An Econometric Analysis of the Nigerian Consumer Price Index," Development and Comp Systems 0407010, EconWPA.
  3. Thomas M Fullerton Jr & Eiichi Araki, 2004. "New Directions in Latin American Macroeconometrics," Development and Comp Systems 0408002, EconWPA.
  4. Thomas M Fullerton Jr & Richard L Sprinkle, 2004. "Latin American Progress under Structural Reform," Development and Comp Systems 0408012, EconWPA.

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