IDEAS home Printed from https://ideas.repec.org/a/ids/ijepee/v5y2012i4p353-366.html
   My bibliography  Save this article

Money growth and inflation: evidence from post-inflation Bolivia

Author

Listed:
  • Jonathan M. Fortun Vargas

Abstract

In this short study, the author presents empirical evidence regarding the relation of money growth and its effect on inflation, for the case of Bolivia. The text describes the situation of the country analysed in terms of monetary policy after one of the worst cases of hyperinflation ever; empirical evidence is presented through two independent estimations, one following the Cochrane-Orcutt procedure, and the other following a Box-Jenkins procedure (ARMA process) that confirms the relation between money growth and inflation in Bolivia using data for the years 1998 to 2010. Evidence confirms the impact of money growth on inflation; the evidence suggests that the level of current inflation in Bolivia has a strong relation with the level of money quantity of two past periods on average. Moreover, the results show that monetary expansion affects the level of inflation in even when controlling for time impacts. The author also tries to assess the impact that a period of high inflation has in the development of growth policies for the case of Bolivia.

Suggested Citation

  • Jonathan M. Fortun Vargas, 2012. "Money growth and inflation: evidence from post-inflation Bolivia," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 5(4), pages 353-366.
    • Handle: RePEc:ids:ijepee:v:5:y:2012:i:4:p:353-366
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=52307
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. , Le Thanh Tung, 2021. "Fiscal Policy, Monetary Policy and Price Volatility: Evidence from an Emerging Economy," OSF Preprints 7u56v, Center for Open Science.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijepee:v:5:y:2012:i:4:p:353-366. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=219 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.