||Lewis, Bynoe, Denny; Moore, Winston; Morgan, Natalia (2007)
High rates of inflation are a perennial problem in Latin American and Caribbean (LAC) countries. This paper attempts to identify the factors that initiate these inflation episodes using observations on 31 LAC countries between 1970 and 2006. The study finds that the key determinants of inflation starts in the region are demand pressures, oil price shocks, elections, transitions to less repressive political regimes and foreign inflation.
Inflation Starts in Latin America and the Caribbean.pdf