Grier, Robin M.; Grier, Kevin B. - In: El Trimestre Económico LXV (3) (1998) 259, pp. 407-426
We study the relationship between average inflation and inflation uncertainty in Mexico from 1960-1997. Friedman (1977) and Ball(1992) propose models where higher inflation creates increased uncertainty, whereas Cukierman & Meltzer (1986) and Cukierman (1992) argue that an apportunistic Central...