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Política de Indización e Inestabilidad Inflacionaria en el Cono Sur

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  • Paul Mc-Nelis

Abstract

This paper is an examination of the inflationary adjustment processes in Argentina, Brazil, Chile, Uruguay and Peru with time-varying parameter estimation (the Kalman Filter). Systematic changes in indexing policy rules for wages and/or the exchange rate

Suggested Citation

  • Paul Mc-Nelis, 1985. "Política de Indización e Inestabilidad Inflacionaria en el Cono Sur," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 22(65), pages 99-116.
  • Handle: RePEc:ioe:cuadec:v:22:y:1985:i:65:p:99-116
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    1. McNelis, Paul D & Neftci, Salih N, 1982. "Policy-Dependent Parameters in the Presence of Optimal Learning: An Application of Kalman Filtering to the Fair and Sargent Supply-Side Equations," The Review of Economics and Statistics, MIT Press, pages 296-306.
    2. R. Dornbusch, 1984. "External Debt, Budget Deficits and Disequilibrium Exchange Rates," Working papers 347, Massachusetts Institute of Technology (MIT), Department of Economics.
    3. Kaminsky, Graciela Laura, 1986. "Uncertainty, expectations of devaluation, and the real exchange rate," Journal of Development Economics, Elsevier, pages 29-57.
    4. McKinnon, Ronald I., 1982. "The order of economic liberalization: Lessons from Chile and Argentina," Carnegie-Rochester Conference Series on Public Policy, Elsevier, pages 159-186.
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