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 …

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 …

convergence criteria. Given the importance of convergent inflation to the sustainability of EMU with a common monetary policy …, understanding the dynamics of inflation is of particular policy importance. This study uses fractional integration methods to … analyse inflation dynamics in 12 Central and Eastern European countries. We find evidence of mean-reversion in only seven …

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 …