Indexing, exchange rate policy and inflationary feedback effects in Latin America
Bibliographic Data
| ID | 22904340 |
|---|---|
| Authors | PAUL D MCNELIS (0000-0001-9519-2372, Georgetown University, corresponding author) |
| Year | 1987 |
| Volume | 15 |
| Issue | 8 |
| Pages | 1107-1117 |
| Publication date | 1987-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | World Development (JOURNAL) |
| Journal identifiers | ISSN: 0305-750X • E-ISSN: 1873-5991 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/0305-750x(87)90175-6 |
| OpenAlex | W2113332191 |
| Language | EN |
| Citations received | 2 |
| References cited | 4 |
This paper examines inflationary adjustment processes in Argentina, Brazil, Chile, Ecuador, Peru, and Uruguay with time-varying estimation techniques to determine the relationship between inflationary inertia or feedback effects from past to current inflation and the degree of indexation of wages and exchange rates to past inflation rates. The results show that reductions in the degree of exchange rate linkage to past inflation have not been particularly helpful in larger or relatively more diversified economies (such as Argentina, Brazil, or Chile), while reductions in wage linkages to past inflation rates have had strong but short-lived effects.
Economics · Exchange rate · Indexation · Inflation (cosmology) · Inflation rate · Inflation targeting · Labour economics · Latin Americans · Linkage (software) · Monetary economics · Monetary policy · Political science · Wage · Economic Theory and Policy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,05 |
| Citation span | 1987 - 1998 (12) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |