Monetary dynamics in post inflation Bolivia

Jonathan Fortun Vargas

Revista Latinoamericana de Desarrollo Economico, 2012, issue 18, 65-104

Abstract: Is inflation always explained as a monetary phenomenon? In this study, the author presents empirical evidence regarding the relation of Money Growth and its effect on Inflation, for the specific case of Bolivia. The text describes the situation of the country analyzed in terms of monetary policy after one of the worst cases of hyperinflation ever; empirical evidence is presented trough two independent estimations, one following the Cochrane-Orcutt procedure, and the other following a Box-Jenkins procedure (ARMA process) that confirms the relation between Money Growth and Inflation in Bolivia using data for the years 1998 to 2010.

Keywords: Inflation; money growth; quantity theory of money; monetary policy; Latin America; Bolivia (search for similar items in EconPapers)
JEL-codes: C32 E31 E51 O23 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ris:revlde:1803

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