An approach to the causes of the recent Argentine inflationary process: Technology, climate change and international markets

Inflation in Argentina has been fluctuating between moderate and high levels since 2005. In order to do a contribution to the understanding of its causes, two VECM models are estimated for the period October 2004 to February 2016: the “Monetarist Model” and the “Extended model”. Inflation is the dep...

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Autores principales: Zack, Guido, Montané, Martín, Kulfas, Matías
Formato: Artículo publishedVersion
Lenguaje:Español
Publicado: Instituto Interdisciplinario de Economía Política (IIEP UBA-CONICET) 2022
Materias:
inflación
causas
Argentina
VECM
Inflation
causes
Acceso en línea:https://ojs.economicas.uba.ar/DT-IIEP/article/view/2428
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=dociiep&d=2428_oai
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id I28-R145-2428_oai
record_format dspace
spelling I28-R145-2428_oai2025-02-11 Zack, Guido Montané, Martín Kulfas, Matías 2022-11-25 Inflation in Argentina has been fluctuating between moderate and high levels since 2005. In order to do a contribution to the understanding of its causes, two VECM models are estimated for the period October 2004 to February 2016: the “Monetarist Model” and the “Extended model”. Inflation is the dependent variable in both cases. While the money supply and the activity level are the independent variables in both models, the exchange rate and wages are added in the latter. Results show a better information criterion of the second model, which emphasizes the importance of the inertial component and the exchange rate, whereas wages and money supply play a minor but also active role. La inflación en la Argentina ha fluctuado entre niveles moderados y altos desde 2005. Para hacer un aporte en relación a sus causas, se estiman dos modelos VECM para el período octubre 2004 - febrero 2016: el “Modelo Monetarista” y el “Modelo Ampliado”. En ambos, la variable explicada es la inflación. En el primero las variables explicativas son la oferta monetaria y el nivel de actividad; en el segundo a las anteriores se agregan el nivel de salarios y el tipo de cambio. Los resultados muestran un mejor criterio de ajuste en el segundo modelo, en el cual se destaca la importancia del componente inercial y del tipo de cambio, mientras que los salarios y la oferta monetaria juegan un papel menor aunque también activo. application/pdf https://ojs.economicas.uba.ar/DT-IIEP/article/view/2428 spa Instituto Interdisciplinario de Economía Política (IIEP UBA-CONICET) https://ojs.economicas.uba.ar/DT-IIEP/article/view/2428/3181 Documentos de trabajo del Instituto Interdisciplinario de Economía Política; Núm. 19 (2017): Documento de trabajo del Instituto Interdisciplinario de Economía Política UBA CONICET; 1-27 Working Papers series at Instituto Interdisciplinario de Economía Política; No. 19 (2017): Working paper of Interdisciplinary Institute of Political Economy of Buenos Aires UBA CONICET; 1-27 2451-5728 inflación causas Argentina VECM Inflation causes Argentina VECM An approach to the causes of the recent Argentine inflationary process: Technology, climate change and international markets Una aproximación a las causas del proceso inflacionario argentino reciente: Tecnología, cambio climático y mercados internacionales info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=dociiep&d=2428_oai
institution Universidad de Buenos Aires
institution_str I-28
repository_str R-145
collection Repositorio Digital de la Universidad de Buenos Aires (UBA)
language Español
orig_language_str_mv spa
topic inflación
causas
Argentina
VECM
Inflation
causes
Argentina
VECM
spellingShingle inflación
causas
Argentina
VECM
Inflation
causes
Argentina
VECM
Zack, Guido
Montané, Martín
Kulfas, Matías
An approach to the causes of the recent Argentine inflationary process: Technology, climate change and international markets
topic_facet inflación
causas
Argentina
VECM
Inflation
causes
Argentina
VECM
description Inflation in Argentina has been fluctuating between moderate and high levels since 2005. In order to do a contribution to the understanding of its causes, two VECM models are estimated for the period October 2004 to February 2016: the “Monetarist Model” and the “Extended model”. Inflation is the dependent variable in both cases. While the money supply and the activity level are the independent variables in both models, the exchange rate and wages are added in the latter. Results show a better information criterion of the second model, which emphasizes the importance of the inertial component and the exchange rate, whereas wages and money supply play a minor but also active role.
format Artículo
publishedVersion
author Zack, Guido
Montané, Martín
Kulfas, Matías
author_facet Zack, Guido
Montané, Martín
Kulfas, Matías
author_sort Zack, Guido
title An approach to the causes of the recent Argentine inflationary process: Technology, climate change and international markets
title_short An approach to the causes of the recent Argentine inflationary process: Technology, climate change and international markets
title_full An approach to the causes of the recent Argentine inflationary process: Technology, climate change and international markets
title_fullStr An approach to the causes of the recent Argentine inflationary process: Technology, climate change and international markets
title_full_unstemmed An approach to the causes of the recent Argentine inflationary process: Technology, climate change and international markets
title_sort approach to the causes of the recent argentine inflationary process: technology, climate change and international markets
publisher Instituto Interdisciplinario de Economía Política (IIEP UBA-CONICET)
publishDate 2022
url https://ojs.economicas.uba.ar/DT-IIEP/article/view/2428
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=dociiep&d=2428_oai
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