Is inflation persistence different in reality?

Nikolaos Antonakakis, Juncal Cuñado (), Luis Gil-Alana and Rangan Gupta

Economics Letters, 2016, vol. 148, issue C, 55-58

Abstract: This study examines the inflation persistence using both online and official price indexes in Argentina, Brazil, China, Japan, Germany, South Africa, the UK and the US, using fractional integration technique. The main results suggest that the degree of persistence, estimated by the long-memory parameter, is smaller when using online price indexes (believed to be a more realistic measure of inflation), mainly in the cases of Argentina, Brazil, China and the UK. Monetary policy implications are discussed.

Keywords: Official and online consumer price indexes; Fractional integration; Persistence (search for similar items in EconPapers)
JEL-codes: C22 E43 G12 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:148:y:2016:i:c:p:55-58

DOI: 10.1016/j.econlet.2016.09.003

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