Is Inflation Persistence Different in Reality?

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

No 201663, Working Papers from University of Pretoria, Department of Economics

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 inflation indexes; fractional integration; persistence (search for similar items in EconPapers)
JEL-codes: C22 E43 G12 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2016-08
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:pre:wpaper:201663

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