Explorando la incertidumbre inflacionaria: 1973-1995

Umberto Della Mea and Alejandro Pena
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Umberto Della Mea: Banco Central del Uruguay

No 1996001, Documentos de trabajo from Banco Central del Uruguay

Abstract: This document is a first approach, based on the uruguayan experience, to the relationship between the rate of inflation and its uncertainty. It aims to assess whether the empirical evidence supports the usual belief that higher inflation rates are more difficult to predict. Our estimates allow to build a time profile for period-to-period uncertainty during the last two decades. The analysis of causality supports the usual assumption that higher rates of inflation cause -in Granger’s sense- higher levels of uncertainty.

Pages: 21 pages
Date: 1996
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Citations: View citations in EconPapers (2)

Published in Revista de Economía, Segunda Epoca Vol. III, Nº2.

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Persistent link: https://EconPapers.repec.org/RePEc:bku:doctra:1996001

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