Precios relativos, dinero e inflación en Argentina

Abstract

This issue studies the temporal precedence between changes in relative prices, in the quantity of Money and in the price level, through the econometric technique known as Autorregression Vectors. The results are the same as those obtained by the author with bivaried models, in the sense that innovations in the quantity of money have temporal precedence in respect to those at the inflation during the period 1959-72, while after that date the temporal order is reversed. The relation between relative prices and the rate of inflation runs in both directions.