High and Variable Inflation: Further Evidence on the Friedman HypothesisEconomics Letters
AbstractThis 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.
Citation InformationTony 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/