Inflation and Devaluation: A Causality Study
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| Autore: | |
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| Natura: | artículo original |
| Status: | Versión publicada |
| Data di pubblicazione: | 2009 |
| Descrizione: | The association between inflation and devaluation in Costa Rica was studied through analysis of causation and two regression models, from April 2004 to April 2009. For this purpose, it was taken into account the consumer traded products index, which was controlled against imports and exports of this country. In addition, the differences between the period in which there was a mini-devaluation policy in the face of a system of exchange band rates, was also studied. The results indicate that devaluation causes inflation, an increase of 1% in the depreciation of the colon leads to a decrease of 0.49% on the inflation of tradeable goods. Furthermore, it was found that the band system helps to reduce both inflation (-3%) and devaluation (-1%). |
| Stato: | Portal de Revistas UCR |
| Istituzione: | Universidad de Costa Rica |
| Repositorio: | Portal de Revistas UCR |
| Lingua: | Español |
| OAI Identifier: | oai:portal.revistas.ucr.ac.cr:article/9008 |
| Accesso online: | https://revistas.ucr.ac.cr/index.php/reconomicas/article/view/9008 |
| Keyword: | Inflación Devaluación Prueba de Wiener-Granger Política cambiaria Análisis de series de tiempo Inflation Devaluation Wiener-Granger test Exchange politics Time series analysis |