Title

High and Variable Inflation: Further Evidence on the Friedman Hypothesis

Document Type

Article

Publication Date

1-1997

Publication Source

Economics Letters

Abstract

This study, employing a GARCH model, finds a positive and significant relationship between the level and variability of inflation. This provides evidence in support of Friedman's (Friedman, 1977) view that high inflation leads to more variable inflation.

Inclusive pages

65-68

ISBN/ISSN

0165-1765

Publisher

Elsevier

Volume

54

Issue

1

Peer Reviewed

yes