Short-Run Price Movements in Ecuador

Thomas Fullerton ()

Macroeconomics from University Library of Munich, Germany

Abstract: A theoretical model of inflationary dynamics in Ecuador is specified for the pre-dollarization period when the sucre was still the official currency. Parameter estimation is carried out using a battery of time series techniques. Monthly data from January 1964 to December 1994 are used in the empirical analysis. Variables shown to influence consumer price movements include the money supply, the exchange rate, and the implicit cost of holding idle cash balances.

Keywords: Ecuador; Inflation; Time Series Analysis (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2004-07-22
New Economics Papers: this item is included in nep-lam, nep-mac and nep-mon
Note: Type of Document - doc; pages: 17
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:0407028

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