INVESTIGADORES
DABUS Carlos Dario
artículos
Título:
A Non-Linear “Inflation-Relative Price Variability” Relationship: Evidence from Latin America
Autor/es:
MARÍA A. CARABALLO POU, CARLOS DABÚS Y DIEGO CARAMUTA
Revista:
Documentos de trabajo de centrA
Editorial:
centrA
Referencias:
Lugar: Sevilla; Año: 2006 p. 1 - 1
Resumen:
This paper presents evidence on a non linear “inflation-relative prices” relationship in three Latin American countries with very high inflation experiences: Argentina, Brazil and Peru. In particular, we find a non concave relation at higher inflation regimes, i. e. when inflation rate surpasses certain threshold. This non concavity is mainly explained by the component of unexpected inflation, which suggests that the uncertainty associated to episodes of extreme inflation can be particularly relevant to understand the non neutrality of inflation in extreme price instability.