Understanding the money–prices relationship under low and high inflation regimes: Argentina 1977–2006

We study the regime dependence of the money–prices relationship, focusing on Argentina's experience over the last 30 years. Using descriptive and cointegration analysis we find that proportionality holds for the high inflation period but weakens once inflation lowers. Money velocity correlates...

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Detalles Bibliográficos
Autores principales: Basco, Emiliano, D'Amato, Laura, Garegnani, María Lorena
Formato: Articulo
Lenguaje:Inglés
Publicado: 2009
Materias:
Ciencias Económicas
Money growth
Inflation
Money velocity
Regime dependence
Cointegration
VAR models
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/129244
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata

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