Inflation uncertainty, monetary shocks and economic growth: evidence from Brazil, Chile, Columbia, Mexico and Peru

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dc.contributor.authorMaric Arata, Branko J.en
dc.contributor.departmentEconomicsen
dc.date.accessioned2014-03-14T21:37:26Zen
dc.date.adate2009-06-10en
dc.date.available2014-03-14T21:37:26Zen
dc.date.issued1994en
dc.date.rdate2009-06-10en
dc.date.sdate2009-06-10en
dc.description.abstractThis paper investigates the relationship between inflation uncertainty, the conduct of monetary policy, and the level of economic growth in Brazil, Chile, Colombia, Mexico and Peru. This is accomplished by analyzing regression and nonregression evidence. The regression evidence is drawn from an earlier study by Sebatian Edwards (1983). A replication and reexamination of the tests conducted by Edwards reflect an overall negative relationship between unexpected monetary policy and economic growth for the period between 1963 and 1993. In addition to regression evidence, non-regression evidence confirms the econometric results. The evidence presented in this paper demonstrates that inconsistent macroeconomic policies, such as sizable and chronic budget deficits result in sustained and variable inflation as well as lower economic growth in the long-run.en
dc.description.degreeMaster of Artsen
dc.format.extentvi, 48 leavesen
dc.format.mediumBTDen
dc.format.mimetypeapplication/pdfen
dc.identifier.otheretd-06102009-063300en
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-06102009-063300/en
dc.identifier.urihttp://hdl.handle.net/10919/43001en
dc.language.isoenen
dc.publisherVirginia Techen
dc.relation.haspartLD5655.V855_1994.M3445.pdfen
dc.relation.isformatofOCLC# 31481764en
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subject.lccLD5655.V855 1994.M3445en
dc.subject.lcshInflation (Finance) -- Latin America -- Mathematical modelsen
dc.subject.lcshMonetary policy -- Latin America -- Mathematical modelsen
dc.titleInflation uncertainty, monetary shocks and economic growth: evidence from Brazil, Chile, Columbia, Mexico and Peruen
dc.typeThesisen
dc.type.dcmitypeTexten
thesis.degree.disciplineEconomicsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.levelmastersen
thesis.degree.nameMaster of Artsen

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