Economics at your fingertips  

The stationarity of inflation in Croatia: anti-inflation stabilization program and the change in persistence

Luis Gil-Alana (), Andrea Mervar () and James Payne ()

Economic Change and Restructuring, 2017, vol. 50, issue 1, 45-58

Abstract: Abstract This study examines the impact of the anti-inflation stabilization policies on the behavior of inflation in Croatia in the early 1990s and through the subsequent post-stabilization period using fractional integration techniques. Indeed, the implementation of the stabilization program in October 1993 brought immediate deflation with a relative high degree of inflation stability in the post-stabilization period. With allowance for a structural break corresponding to the stabilization program in October 1993, the degree of persistence was substantially reduced with the fractional differencing parameter being positive but close to zero in the post-stabilization period.

Keywords: Inflation; Persistence; Stabilization program; Croatia (search for similar items in EconPapers)
JEL-codes: C22 E31 P22 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link) Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/10644/PS2

Access Statistics for this article

Economic Change and Restructuring is currently edited by George Hondroyiannis

More articles in Economic Change and Restructuring from Springer
Bibliographic data for series maintained by Sonal Shukla ().

Page updated 2019-12-06
Handle: RePEc:kap:ecopln:v:50:y:2017:i:1:d:10.1007_s10644-016-9181-2