Ángeles Caraballo, María - In: Cuadernos de economía 45 (2008), pp. 235-255
distinguished a first period (1960-1975) with a moderate and stable inflation and a second one (1975-1993) with four inflation …, 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 …
