This paper first updates to 1980 the estimates of the Harberger inflation model for Argentina, Brazil, Chile, Colombia and Uruguay and shows that all the hypotheses of this model hold and the reaction to monetary growth is fairly rapid. An aggregate supply function including imported inputs is then hypothesized, following recent theoretical work. This yields two testable propositions on the reduced form estimates of inflation: (a) the relation between...
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INFORMATION
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1985/01/01
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Article de revue
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REP366
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1
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1
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2010/07/12
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Disclosed
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Inflation and imported input prices in some inflationary Latin American economies
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inflation
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