<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-718X</journal-id>
<journal-title><![CDATA[El trimestre económico]]></journal-title>
<abbrev-journal-title><![CDATA[El trimestre econ]]></abbrev-journal-title>
<issn>2448-718X</issn>
<publisher>
<publisher-name><![CDATA[Fondo de Cultura Económica]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-718X2013000200401</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Inflación e incertidumbre inflacionaria en Bolivia]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Bojanic]]></surname>
<given-names><![CDATA[Antonio N.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Nuestra Señora de La Paz  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Bolivia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2013</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2013</year>
</pub-date>
<volume>80</volume>
<numero>318</numero>
<fpage>401</fpage>
<lpage>426</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-718X2013000200401&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-718X2013000200401&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-718X2013000200401&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN Este artículo estima un modelo de inflación GARCH-M para Bolivia e investiga sus relaciones con las medidas de la incertidumbre inflacionaria resultantes. Con base en un índice de precios al consumidor construido mediante la combinación de seis índices oficiales distintos, los principales hallazgos son los siguientes: tanto la inflación como la incertidumbre inflacionaria han disminuido a un ritmo constante desde fines del decenio de los ochenta del siglo pasado, cuando finalmente terminó el periodo de hiperinflación. Para el periodo 1937-2011 -y para otros subperiodos comprendidos en este lapso-, la inflación tiene un efecto positivo y significativo en la incertidumbre, lo cual apoya las hipótesis formuladas por separado por Friedman y Ball. Una consecuencia de este hallazgo es que el Banco Central de Bolivia podría reducir la incertidumbre inflacionaria al reducir la tasa de inflación.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT This paper estimates a GARCH-M model of inflation for Bolivia and investigates its linkages with resulting measures of inflation uncertainty. Utilizing a consumer price index constructed by combining six different official indices, the main findings are as follows: inflation and inflation uncertainty have both declined steadilysince the late 1980s, when the hyperinflation period finally ended. For the period between 1937 and 2011 -and for other sub-periods within 1937-2011- inflation has a significant and positive effect on uncertainty, supporting the hypothesis formulated separately by Friedman and Ball. An implication of this finding is that the Central Bank of Bolivia can achieve lower inflation uncertainty by lowering the inflation rate.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[inflación]]></kwd>
<kwd lng="es"><![CDATA[incertidumbre inflacionaria]]></kwd>
<kwd lng="es"><![CDATA[modelos GARCH]]></kwd>
</kwd-group>
</article-meta>
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