El proceso inflacionario Argentino 1978-1986: un estudio econométrio

Abstract

An analysis is made of the inflationary process in Argentina between 1978 and 1986, by means of the econometric technique known as Vector Auto-Regression (VAR). The variables studied are the rate of change of prices, money and type of exchange, real wages and level of activity. The results show that the behaviour of the rate of inflation follows the inertial pattern, and that money behaves in an endogenous manner. The exchange rate and level of activity affect real wages. The economic programme of June 1985 produced some changes in the relationship between the variables. The inflationary process could prove to be unstable at high rates of inflation.