Inflation, Uncertainty, and Growth in Colombia /

It has been argued that higher levels of inflation lead to greater uncertainty about future inflation and to greater dispersion of relative prices. In either case, inflation could reduce the efficiency of market prices in coordinating economic activities. This paper shows that the rise of inflation...

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Bibliographic Details
Main Author: Ma, Henry
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Working Papers; Working Paper ; No. 1998/161
Subjects:
Online Access:Full text available on IMF
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520 3 |a It has been argued that higher levels of inflation lead to greater uncertainty about future inflation and to greater dispersion of relative prices. In either case, inflation could reduce the efficiency of market prices in coordinating economic activities. This paper shows that the rise of inflation in Colombia, from low levels in the 1950s to average rates of 18-22 percent since the 1970s, has been accompanied by increased uncertainty and relative price dispersion; and that inflation has had a negative and persistent effect on real GDP growth. 
538 |a Mode of access: Internet 
650 7 |a Inflation Uncertainty  |2 imf 
650 7 |a Inflation  |2 imf 
650 7 |a Price Dispersion  |2 imf 
650 7 |a Relative Price Dispersion  |2 imf 
650 7 |a WP  |2 imf 
651 7 |a Colombia  |2 imf 
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