HIGH AND VARIABLE INFLATION: FURTHER EVIDENCE ON THE FRIEDMAN HYPOTHESIS

This note, employing a GARCH model, finds a positive and significant relationship between the level and variability of inflation in South Africa in the period 1957:1-2005:9. This provides evidence in support of Friedman's hypothesis that high inflation leads to more variable inflation. Copyright (c) 2006 The Author. Journal compilation (c) 2006 Economic Society of South Africa.

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Year of publication:	2006
Authors:	Thornton, John
Published in:	South African Journal of Economics. - Economic Society of South Africa - ESSA, ISSN 0038-2280. - Vol. 74.2006, 2, p. 167-171
Publisher:	Economic Society of South Africa - ESSA

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005659377