Inflation regimes and retail price dynamics. An empirical study for Argentina

This working paper analyze the dynamic behavior of retail prices in the Argentine economy during the period 1957-2017. For this purpose, a model of autoregressive vectors with structural breaks was estimated, following the methodology proposed by (Balke, 2000), based on a set of variables t...

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Autores principales: Costa, Juan Manuel, Ruffo, Ariel
Formato: Artículo publishedVersion Text Texto
Lenguaje:Español
Publicado: FACULTAD DE CIENCIAS ECONÓMICAS - UNIVERSIDAD DE BUENOS AIRES 2019
Materias:
economic cycle
prices
pass-trough
non-linearity
inflationary regimes
Precios
Pass-Through,
No Linealidad
Regímenes Inflacionarios
Ciclo económico
Acceso en línea:https://ojs.economicas.uba.ar/REPBA/article/view/1571
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=ecopol&d=1571_oai
Aporte de:
Repositorio Digital de la Universidad de Buenos Aires (UBA) de Universidad de Buenos Aires
id I28-R145-1571_oai
record_format dspace
spelling I28-R145-1571_oai2025-02-11 Costa, Juan Manuel Ruffo, Ariel 2019-06-01 This working paper analyze the dynamic behavior of retail prices in the Argentine economy during the period 1957-2017. For this purpose, a model of autoregressive vectors with structural breaks was estimated, following the methodology proposed by (Balke, 2000), based on a set of variables that impact the price formation process for the different inflationary regimes identified in the considered period. The analysis of the sensitivity of retail inflation rates to unexpected fluctuations in these variables indicates that there would be a non-linear behavior (twelve months horizon) in the transmission of the shocks recorded on the variables of the model for the three identified regimes. La presente investigación tiene por objeto estudiar el comportamiento dinámico de los precios minoristas en la economía argentina durante el periodo 1957-2017. Para ello se estimó un modelo de vectores autorregresivos con quiebres estructurales siguiendo la metodología propuesta por (Balke, 2000) a partir de un conjunto de variables que actúan en el proceso de formación de precios para los distintos regímenes inflacionarios identificados en dicho período. El análisis de sensibilidad de las tasas de inflación minoristas ante fluctuaciones no anticipadas en esas variables indica que, existiría un comportamiento no lineal (doce meses vista) en la transmisión de los shocks registrados en todas las variables del modelo para los tres regímenes identificados. application/pdf text/html https://ojs.economicas.uba.ar/REPBA/article/view/1571 spa FACULTAD DE CIENCIAS ECONÓMICAS - UNIVERSIDAD DE BUENOS AIRES https://ojs.economicas.uba.ar/REPBA/article/view/1571/2234 https://ojs.economicas.uba.ar/REPBA/article/view/1571/2237 Revista de Economía Política de Buenos Aires; Vol. 13 No. 18 (2019): Revista de Economía Política de Buenos Aires; 9-49 Revista de Economía Política de Buenos Aires; Vol. 13 Núm. 18 (2019): Revista de Economía Política de Buenos Aires; 9-49 1853-1350 1850-6933 urn:issn:1853-1350repba.v0i188 economic cycle prices pass-trough non-linearity inflationary regimes Precios Pass-Through, No Linealidad Regímenes Inflacionarios Ciclo económico Inflation regimes and retail price dynamics. An empirical study for Argentina Regímenes de inflación y dinámica de precios minoristas. Un estudio empírico para la Argentina info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Text Texto https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=ecopol&d=1571_oai
institution Universidad de Buenos Aires
institution_str I-28
repository_str R-145
collection Repositorio Digital de la Universidad de Buenos Aires (UBA)
language Español
orig_language_str_mv spa
topic economic cycle
prices
pass-trough
non-linearity
inflationary regimes
Precios
Pass-Through,
No Linealidad
Regímenes Inflacionarios
Ciclo económico
spellingShingle economic cycle
prices
pass-trough
non-linearity
inflationary regimes
Precios
Pass-Through,
No Linealidad
Regímenes Inflacionarios
Ciclo económico
Costa, Juan Manuel
Ruffo, Ariel
Inflation regimes and retail price dynamics. An empirical study for Argentina
topic_facet economic cycle
prices
pass-trough
non-linearity
inflationary regimes
Precios
Pass-Through,
No Linealidad
Regímenes Inflacionarios
Ciclo económico
description This working paper analyze the dynamic behavior of retail prices in the Argentine economy during the period 1957-2017. For this purpose, a model of autoregressive vectors with structural breaks was estimated, following the methodology proposed by (Balke, 2000), based on a set of variables that impact the price formation process for the different inflationary regimes identified in the considered period. The analysis of the sensitivity of retail inflation rates to unexpected fluctuations in these variables indicates that there would be a non-linear behavior (twelve months horizon) in the transmission of the shocks recorded on the variables of the model for the three identified regimes.
format Artículo
publishedVersion
Text
Texto
author Costa, Juan Manuel
Ruffo, Ariel
author_facet Costa, Juan Manuel
Ruffo, Ariel
author_sort Costa, Juan Manuel
title Inflation regimes and retail price dynamics. An empirical study for Argentina
title_short Inflation regimes and retail price dynamics. An empirical study for Argentina
title_full Inflation regimes and retail price dynamics. An empirical study for Argentina
title_fullStr Inflation regimes and retail price dynamics. An empirical study for Argentina
title_full_unstemmed Inflation regimes and retail price dynamics. An empirical study for Argentina
title_sort inflation regimes and retail price dynamics. an empirical study for argentina
publisher FACULTAD DE CIENCIAS ECONÓMICAS - UNIVERSIDAD DE BUENOS AIRES
publishDate 2019
url https://ojs.economicas.uba.ar/REPBA/article/view/1571
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=ecopol&d=1571_oai
work_keys_str_mv AT costajuanmanuel inflationregimesandretailpricedynamicsanempiricalstudyforargentina
AT ruffoariel inflationregimesandretailpricedynamicsanempiricalstudyforargentina
AT costajuanmanuel regimenesdeinflacionydinamicadepreciosminoristasunestudioempiricoparalaargentina
AT ruffoariel regimenesdeinflacionydinamicadepreciosminoristasunestudioempiricoparalaargentina
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