Inflation and inflation uncertainty in Argentina, 1810-2005
Unit 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.
Year of publication: |
2008
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Authors: | Thornton, John |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 98.2008, 3, p. 247-252
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Publisher: |
Elsevier |
Saved in:
Online Resource
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