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Author Monfort, Brieuc.

Title Inflation Determinants in Paraguay : Cost Push versus Demand Pull Factors / Monfort, Brieuc
Published Washington, D.C. : International Monetary Fund, 2008
Online access available from:
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Description 1 online resource (41 pages)
Series IMF Working Papers
IMF Working Papers
Contents I. Introduction; II. Measuring Inflation; A. Headline Inflation; B. Core Inflation Measures; C. Properties of Inflation Indicators; III. Analytical and Empirical Set-Up; A. Inflation as a Mark-Up Over Costs; B. Inflation as the Result of Excess Money Supply; C. Econometric Methodology; IV. Mark-Up Theory of Inflation; V. Monetary Theory of Inflation; A. The Demand for Currency; B. The Demand for Narrow Money and Broad Money; C. Why Has Inflation and Picked Up with High Monetary Growth?; VI. Short-Term Determinants of Inflation; A. Short-Term Dynamics; B. Dynamic Contributions
VII. Summary and ConclusionReferences; Annexes; I. Inflation in Selection of Latin American Countries Since 1950; II. Micro Level Analysis of Prices; III. The New Consumer Price Index; IV. Food Inflation in Latin America; V. Data Issues and Database Used in Econometric Analysis; VI. Econometric Results
Summary This article uses two analytical methodologies to understand the dynamics of inflation in Paraguay, the mark-up theory of inflation and the monetary theory of inflation. We also study the impact of different monetary aggregates. The results suggest that monetary factors, in particular currency in circulation, play a major role in determining long-run inflation, while foreign prices, in particular from Brazil, or some food products have a large impact on the short-term dynamics of inflation. Wage indexation may also contribute to locking up price increases
Notes Available in PDF, ePUB, and Mobi formats on the Internet
Bibliography Includes bibliographical references
Subject Paraguay.
Form Electronic book
Author Monfort, Brieuc.
Peña, Santiago.
International Monetary Fund.
ISBN 1451915810