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Inflation starts in Latin America and the Caribbean

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  • Winston Ricardo Moore
  • Denny M. Lewis-Bynoe
  • Natalia Morgan

Abstract

High rates of inflation are a perennial problem in Latin American and Caribbean (LAC) countries. This article attempts to identify the factors that initiate these inflationary episodes using observations on 31 LAC countries between 1970 and 2006. The study finds that the key determinants of inflation starts in the region are demand pressures, oil price shocks, elections, transitions to less repressive political regimes and foreign inflation.

Suggested Citation

  • Winston Ricardo Moore & Denny M. Lewis-Bynoe & Natalia Morgan, 2012. "Inflation starts in Latin America and the Caribbean," Applied Economics, Taylor & Francis Journals, vol. 44(7), pages 825-834, March.
    • Handle: RePEc:taf:applec:44:y:2012:i:7:p:825-834
    DOI: 10.1080/00036846.2010.524629
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    References listed on IDEAS

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    1. Michael R. Darby & James R. Lothian, 1983. "Conclusions on the International Transmission of Inflation," NBER Chapters, in: The International Transmission of Inflation, pages 491-524, National Bureau of Economic Research, Inc.
    2. Michael R. Darby & James R. Lothian & Arthur E. Gandolfi & Anna J. Schwartz & Alan C. Stockman, 1983. "The International Transmission of Inflation," NBER Books, National Bureau of Economic Research, Inc, number darb83-1, March.
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    Cited by:

    1. Serhan Cevik & Tianle Zhu, 2020. "Trinity Strikes Back: Monetary Independence And Inflation In The Caribbean," Journal of International Development, John Wiley & Sons, Ltd., vol. 32(3), pages 375-388, April.

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