Jinquan, LIU; Tingguo, ZHENG; Jianli, SUI - In: Frontiers of Economics in China 3 (2008) 2, pp. 240-254
This paper uses the ARFIMA-FIGARCH model to investigate the China¡¯s monthly inflation rate from January 1983 to October 2005. It is found that both first moment and second moment of inflation have remarkable long memory, indicating the existence of long memory properties in both inflation...