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La relación entre los ciclos discretos en la inflación y el crecimiento: Perú 1993-2012

Barrera-Chaupis, Carlos (2014): La relación entre los ciclos discretos en la inflación y el crecimiento: Perú 1993-2012.

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Abstract

We search for evidence against the hypothesis of a non-linear relationship between inflation and growth rates for 1993-2012 Peruvian data. A family of dichotomous models provide the way to model the relationship between the those two variables' cycles. Given the acceleration/de-acceleration phases' persistence, we estimate auto-regressive uni-variate logit models as well as both static and auto-regressive bi-variate probit models. The results suggest the existence of an stochastic relationship between the discrete cycles of inflation and growth rates.

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