The Determinants of Relative Price Variability: Further Evidence from Argentina

Autores
Caraballo, María Angeles; Dabús, Carlos Darío
Año de publicación
2008
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
This paper analyses the relative price variability (here after, RPVI) for Argentina from 1960 to 1993. We have distinguished a first period (1960-1975) with a moderate and stable inflation and a second one (1975-1993) with four inflation regimes: moderate, high, very high and hyperinflation. Results show that for the high, very high, and hyperinflation regimes, volatility and all components of inflation are relevant in explaining RPVI; but for the moderate regime, volatility and uncertainty are insignificant, and the impact of expected and unexpected inflation shocks depends on whether inflation is stable or not.
Fil: Caraballo, María Angeles. Universidad de Sevilla; España
Fil: Dabús, Carlos Darío. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur. Universidad Nacional del Sur. Departamento de Economía. Instituto de Investigaciones Económicas y Sociales del Sur; Argentina
Materia
RELATIVE PRICE VARIABILITY
INFLATION REGIMES
MARKOV SWITCHING MODEL
INFLATION COMPONENTS
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/136226
Acceder
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network_name_str CONICET Digital (CONICET)
spelling The Determinants of Relative Price Variability: Further Evidence from ArgentinaCaraballo, María AngelesDabús, Carlos DaríoRELATIVE PRICE VARIABILITYINFLATION REGIMESMARKOV SWITCHING MODELINFLATION COMPONENTShttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5This paper analyses the relative price variability (here after, RPVI) for Argentina from 1960 to 1993. We have distinguished a first period (1960-1975) with a moderate and stable inflation and a second one (1975-1993) with four inflation regimes: moderate, high, very high and hyperinflation. Results show that for the high, very high, and hyperinflation regimes, volatility and all components of inflation are relevant in explaining RPVI; but for the moderate regime, volatility and uncertainty are insignificant, and the impact of expected and unexpected inflation shocks depends on whether inflation is stable or not.Fil: Caraballo, María Angeles. Universidad de Sevilla; EspañaFil: Dabús, Carlos Darío. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur. Universidad Nacional del Sur. Departamento de Economía. Instituto de Investigaciones Económicas y Sociales del Sur; ArgentinaPontificia Universidad Católica de Chile2008-12info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/136226Caraballo, María Angeles; Dabús, Carlos Darío; The Determinants of Relative Price Variability: Further Evidence from Argentina; Pontificia Universidad Católica de Chile; Cuadernos de Economía; 45; 132; 12-2008; 235-2550717-6821CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/https://dialnet.unirioja.es/servlet/articulo?codigo=2860625info:eu-repo/semantics/altIdentifier/url/http://www.laje-ce.org/homeinfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-03T09:55:17Zoai:ri.conicet.gov.ar:11336/136226instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-03 09:55:17.837CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv The Determinants of Relative Price Variability: Further Evidence from Argentina
title The Determinants of Relative Price Variability: Further Evidence from Argentina
spellingShingle The Determinants of Relative Price Variability: Further Evidence from Argentina
Caraballo, María Angeles
RELATIVE PRICE VARIABILITY
INFLATION REGIMES
MARKOV SWITCHING MODEL
INFLATION COMPONENTS
title_short The Determinants of Relative Price Variability: Further Evidence from Argentina
title_full The Determinants of Relative Price Variability: Further Evidence from Argentina
title_fullStr The Determinants of Relative Price Variability: Further Evidence from Argentina
title_full_unstemmed The Determinants of Relative Price Variability: Further Evidence from Argentina
title_sort The Determinants of Relative Price Variability: Further Evidence from Argentina
dc.creator.none.fl_str_mv Caraballo, María Angeles
Dabús, Carlos Darío
author Caraballo, María Angeles
author_facet Caraballo, María Angeles
Dabús, Carlos Darío
author_role author
author2 Dabús, Carlos Darío
author2_role author
dc.subject.none.fl_str_mv RELATIVE PRICE VARIABILITY
INFLATION REGIMES
MARKOV SWITCHING MODEL
INFLATION COMPONENTS
topic RELATIVE PRICE VARIABILITY
INFLATION REGIMES
MARKOV SWITCHING MODEL
INFLATION COMPONENTS
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv This paper analyses the relative price variability (here after, RPVI) for Argentina from 1960 to 1993. We have distinguished a first period (1960-1975) with a moderate and stable inflation and a second one (1975-1993) with four inflation regimes: moderate, high, very high and hyperinflation. Results show that for the high, very high, and hyperinflation regimes, volatility and all components of inflation are relevant in explaining RPVI; but for the moderate regime, volatility and uncertainty are insignificant, and the impact of expected and unexpected inflation shocks depends on whether inflation is stable or not.
Fil: Caraballo, María Angeles. Universidad de Sevilla; España
Fil: Dabús, Carlos Darío. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur. Universidad Nacional del Sur. Departamento de Economía. Instituto de Investigaciones Económicas y Sociales del Sur; Argentina
description This paper analyses the relative price variability (here after, RPVI) for Argentina from 1960 to 1993. We have distinguished a first period (1960-1975) with a moderate and stable inflation and a second one (1975-1993) with four inflation regimes: moderate, high, very high and hyperinflation. Results show that for the high, very high, and hyperinflation regimes, volatility and all components of inflation are relevant in explaining RPVI; but for the moderate regime, volatility and uncertainty are insignificant, and the impact of expected and unexpected inflation shocks depends on whether inflation is stable or not.
publishDate 2008
dc.date.none.fl_str_mv 2008-12
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/136226
Caraballo, María Angeles; Dabús, Carlos Darío; The Determinants of Relative Price Variability: Further Evidence from Argentina; Pontificia Universidad Católica de Chile; Cuadernos de Economía; 45; 132; 12-2008; 235-255
0717-6821
CONICET Digital
CONICET
url http://hdl.handle.net/11336/136226
identifier_str_mv Caraballo, María Angeles; Dabús, Carlos Darío; The Determinants of Relative Price Variability: Further Evidence from Argentina; Pontificia Universidad Católica de Chile; Cuadernos de Economía; 45; 132; 12-2008; 235-255
0717-6821
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/https://dialnet.unirioja.es/servlet/articulo?codigo=2860625
info:eu-repo/semantics/altIdentifier/url/http://www.laje-ce.org/home
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Pontificia Universidad Católica de Chile
publisher.none.fl_str_mv Pontificia Universidad Católica de Chile
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
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score 13.13397

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