Inflation and inflation uncertainty in Argentina, 1810-2005

John Thornton

Economics Letters, 2008, vol. 98, issue 3, 247-252

Abstract: Unit root tests results suggest that inflation in Argentina for the period 1810-2005 is a stationary series when account is taken of structural breaks that coincide with bouts of hyperinflation. A GARCH (1,1) model of annual inflation suggests a positive short-run relation between the mean and variance of inflation, supporting Friedman's hypothesis that high inflation is associated with more variable inflation.

Date: 2008
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Citations: View citations in EconPapers (31)

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