A note on the evidence of inflation persistence around the world

Jorge Belaire-Franch

Empirical Economics, 2019, vol. 56, issue 5, No 2, 1477-1487

Abstract: Abstract In this paper, we re-examine the change in persistence hypothesis for inflation, using data from Noriega et al. (Empir Econ 44:1243–1265, 2013) and the new testing procedures by Kejriwal et al. (Econom Theory 29:289–323, 2013). Our results display more evidence of change in persistence than Noriega et al.’s paper, with some remarkable conflicting conclusions with respect to their work, although results depend on the measure of inflation: seasonally adjusted, trend-cycle component or interannual.

Keywords: Multiple persistence change tests; Inflation; Change in persistence (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s00181-017-1403-6

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