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The relationship between the rate of inflation and its unpredictability in high inflation Latin American countries

✍ Scribed by Constantine Glezakos; Jeffrey B. Nugent

Book ID: 116128743
Publisher: Elsevier Science
Year: 1987
Tongue: English
Weight: 209 KB
Volume: 15
Category: Article
ISSN: 0305-750X
DOI: 10.1016/0305-750x(87)90084-2

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## Abstract This paper compares the response of inflation to changes in exchange rate competitiveness in various regions of the world. The paper first presents evidence that an empirical relationship between the __rate__ of inflation and the __level__ of the real exchange rate holds for a large set