High and variable inflation: Further evidence on the friedman hypothesis

被引：29

作者：

Caporale, T

McKiernan, B

机构：

来源：

ECONOMICS LETTERS | 1997年 / 54卷 / 01期

关键词：

inflation variability;

D O I：

10.1016/S0165-1765(96)00939-1

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study, employing a GARCH model, finds a positive and significant relationship between the level and variability of inflation. This provides evidence in support of Friedman's (Friedman, 1977) view that high inflation leads to more variable inflation.

引用

页码：65 / 68

页数：4

共 7 条

[1]

[Anonymous], BROOKINGS PAPER EC A

[2] ESTIMATES OF THE VARIANCE OF UNITED-STATES INFLATION BASED UPON THE ARCH MODEL [J].