Inflation persistence, structural breaks and omitted variables: a critical view

Andrea Vaona

Quaderni della facoltà di Scienze economiche dell'Università di Lugano from USI Università della Svizzera italiana

Abstract: Recent empirical contributions assess time changes in inflation persistence by means of simple autoregressive models. Their reliability is discussed in the light of the econometric literature on model misspecification and it is showed that their results can be misleading due to the omission of relevant variables.

Keywords: inflation persistence; structural breaks; omitted variables; model misspecification; serial correlation. (search for similar items in EconPapers)
JEL-codes: E3 E31 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2008
New Economics Papers: this item is included in nep-cba, nep-ecm and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:lug:wpaper:0802

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