The purpose of this paper is to measure the degree of persistence of the overall, core, food and energy Harmonized … statistically significant level of persistence in four HICP-EAs: headline, core, food and energy. Moreover, contrary to popular … are more volatile and more persistent than the other two price indexes. Our results also show a reduction in persistence …

In this paper we evaluate inflation persistence in the U.S. using long range monthly and annual data. The importance of … inflation persistence is crucial to policy authorities and market participants, since the level of inflation persistence … found in the relevant literature, we evaluate inflation persistence through the nonparametric Hurst exponent within both a …

In this paper we evaluate inflation persistence in the U.S. using long range monthly and annual data. The importance of … inflation persistence is crucial to policy authorities and market participants, since the level of inflation persistence … generating process, in order to enhance the robustness of conclusions. Overall, we find that inflation persistence is high from …

The detection and measurement of the level of persistence on aggregate and disaggregate private consumption in Italy … concluded that that one cannot reject the presence of a significant process of persistence in aggregate and disaggregate … consumption in the three countries, even though each one displaying different levels of persistence. In particular, durables …

persistence is a common feature for inflation series. Note that neglecting the existence of additive outliers may possibly biased …This paper considers the application of long memory processes to describe inflation with seasonal behaviour. We use … inflation rates of four different countries, USA, Canada, Tunisia, and South Africa. The analysis is carried out using the …

A key application of long memory time series models concerns inflation. Long memory implies that shocks have a long … such level shifts are not unlikely for inflation, where the shifts may be caused by sudden oil price shocks, we examine … whether evidence for long memory (indicated by the relevance of an ARFIMA model) in G7 inflation rates is spurious or …

The concept of NAIRU summarized the observed negative correlation between the unemployment rate and the inflation rate …

euro area using Bayesian techniques. The estimation results suggest that the observed stability of inflation is due to a …Average inflation in the euro area has remained relatively stable since the onset of the current economic and financial … traditional cyclical behaviour of inflation has weakened over time. The article seeks to determine the factors that explain this …

Phillips curve, the sumof coefficients associated with expected inflation is far below unity, whatever measure of expected … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the …