Ferreira, Diego; Palma, Andreza Aparecida - In: Journal of Economic Studies 44 (2017) 4, pp. 506-517
Purpose The purpose of this paper is to evaluate whether the effect of inflation uncertainty on inflation has changed over time in Latin America. Design/methodology/approach The authors use a stochastic volatility in mean (SVM) model with time-varying parameters (TVP) as proposed by Chan (2017)....