Observable Implications of the Classical Theory of Inflation: Peru and Bolivia in the Eighties
Keywords:
inflation, classical theory of inflation, hyperinflation, Peru, Bolivia, cointegrationAbstract
In this article, the empirical relevance of the classical theory of inflation for explaining the hyperinflationary experiences of Peru and Bolivia during the decade of the eighties is evaluated using econometric methods. Taking a non-stationary time series methodology, it was found that this model substantially explains the short and long-term dynamics of inflation in these countries.Downloads
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Copyright (c) 1994 Raúl A. Feliz, Grocio Soldevilla Canales
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
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