%0 Journal Article
%T The Determinants of Relative Price Variability: further evidence from argentina
%A Caraballo
%A Mar¨ªa Angeles
%A Dab¨²s
%A Carlos
%J Cuadernos de econom¨ªa
%D 2008
%I Scientific Electronic Library Online
%R 10.4067/S0717-68212008000200004
%X 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) withfour inflation regimes: moderate, high, very high and hyperinflation. results show thatfor the high, very high, and hyperinflation regimes, volatility and all components of inflation are relevant in explaining rpvi; butfor the moderate regime, volatility and uncertainty are insignificant, and the impact ofexpected and unexpected inflation shocks depends on whether inflation is stable or not.
%K relative price variability
%K inflation regimes
%K markov switching model
%K inflation components.
%U http://www.scielo.cl/scielo.php?script=sci_abstract&pid=S0717-68212008000200004&lng=en&nrm=iso&tlng=en