INVESTIGADORES
DABUS Carlos Dario
artículos
Título:
Processes of Evolutionary Self Organization in High Inflation Experiences
Autor/es:
FERNANDO TOHMÉ, CARLOS DABÚS Y SILVIA LONDON
Revista:
Lecture Notes in Economics and Mathematical Systems
Editorial:
Springer-Verlag
Referencias:
Lugar: Berlin; Año: 2005 vol. 551 p. 357 - 357
ISSN:
0075-8442
Resumen:
We study some features of the processes that have generated high inflation in Latin- American countries. The statistical evidence shows that these inflationary experiences are fractional brownian noises. Several authors showed that self-organized criticality (SOC) processes may constitute the best explanation of the origin of such noises. But this hypothesis requires that the underlying structure remains time invariant. We conjecture, instead, that the economic structures evolve in time being, at each stage of their evolution, self-organized structures. We find that such ESO (evolutionary self-organized) processes still generate fractional brownian noises. Thus, they seem to provide a better explanation for the economic phenomenon of high inflation.