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Article
High and Variable Inflation: Further Evidence on the Friedman Hypothesis
Economics Letters
  • Tony Caporale, University of Dayton
  • Barbara McKiernan, Ohio University - Main Campus
Document Type
Article
Publication Date
1-1-1997
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
Peer Reviewed
Yes
Citation Information
Tony Caporale and Barbara McKiernan. "High and Variable Inflation: Further Evidence on the Friedman Hypothesis" Economics Letters Vol. 54 Iss. 1 (1997)
Available at: http://works.bepress.com/tony_caporale/11/