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: | , |
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| Formato: | Artículo publishedVersion Text Texto |
| Lenguaje: | Español |
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FACULTAD DE CIENCIAS ECONÓMICAS - UNIVERSIDAD DE BUENOS AIRES
2019
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| 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: |
| Sumario: | 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. |
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